Montrusco Bolton Investments Inc. Invests $16.22 Million in Pembina Pipeline Corp. (NYSE:PBA)

Montrusco Bolton Investments Inc. purchased a new position in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 405,592 shares of the pipeline company's stock, valued at approximately $16,221,000. Montrusco Bolton Investments Inc. owned about 0.07% of Pembina Pipeline as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PBA. First Horizon Advisors Inc. boosted its stake in Pembina Pipeline by 69.9% in the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock worth $27,000 after purchasing an additional 277 shares during the period. VSM Wealth Advisory LLC acquired a new stake in shares of Pembina Pipeline during the 4th quarter valued at $37,000. Dunhill Financial LLC boosted its stake in shares of Pembina Pipeline by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company's stock valued at $50,000 after buying an additional 675 shares during the period. Larson Financial Group LLC boosted its stake in shares of Pembina Pipeline by 53.4% during the 1st quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company's stock valued at $54,000 after buying an additional 467 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Pembina Pipeline by 108.3% during the 1st quarter. Versant Capital Management Inc now owns 1,525 shares of the pipeline company's stock valued at $61,000 after buying an additional 793 shares during the period. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Stock Up 0.2%

Shares of Pembina Pipeline stock traded up $0.08 during midday trading on Thursday, reaching $37.18. 973,963 shares of the company's stock traded hands, compared to its average volume of 1,298,138. The company has a market cap of $21.60 billion, a price-to-earnings ratio of 16.82 and a beta of 0.76. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $43.44. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.52 and a current ratio of 0.64. The company's 50 day simple moving average is $37.39 and its 200 day simple moving average is $37.52.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its earnings results on Thursday, May 8th. The pipeline company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.57 by $0.23. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.47 billion. Pembina Pipeline had a net margin of 23.73% and a return on equity of 12.61%. The business's quarterly revenue was up 48.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. Equities analysts expect that Pembina Pipeline Corp. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a dividend of $0.5109 per share. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.04 annualized dividend and a dividend yield of 5.50%. Pembina Pipeline's payout ratio is presently 93.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PBA shares. National Bank Financial raised shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 25th. Barclays restated an "overweight" rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd. Finally, National Bankshares upgraded shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $56.00.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.