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

Montrusco Bolton Investments Inc. bought a new stake in shares of 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 and Exchange Commission. The institutional investor bought 405,592 shares of the pipeline company's stock, valued at approximately $16,221,000. Montrusco Bolton Investments Inc. owned approximately 0.07% of Pembina Pipeline at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PBA. Mayflower Financial Advisors LLC purchased a new stake in shares of Pembina Pipeline in the first quarter worth approximately $248,000. Tectonic Advisors LLC increased its position in Pembina Pipeline by 20.2% in the first quarter. Tectonic Advisors LLC now owns 16,089 shares of the pipeline company's stock worth $644,000 after buying an additional 2,701 shares during the last quarter. Larson Financial Group LLC increased its position in Pembina Pipeline by 53.4% in the first quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company's stock worth $54,000 after buying an additional 467 shares during the last quarter. Signaturefd LLC increased its position in Pembina Pipeline by 3.1% in the first quarter. Signaturefd LLC now owns 20,280 shares of the pipeline company's stock worth $812,000 after buying an additional 614 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Pembina Pipeline by 90.0% in the first quarter. Cerity Partners LLC now owns 50,836 shares of the pipeline company's stock worth $2,035,000 after buying an additional 24,075 shares during the last quarter. Institutional investors own 55.37% of the company's stock.

Pembina Pipeline Trading Up 0.1%

NYSE:PBA traded up $0.05 during mid-day trading on Friday, reaching $37.24. 870,950 shares of the company's stock traded hands, compared to its average volume of 1,300,618. The company has a 50 day moving average price of $37.34 and a 200-day moving average price of $37.53. The firm has a market capitalization of $21.63 billion, a price-to-earnings ratio of 16.85 and a beta of 0.76. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.64 and a quick ratio of 0.52. Pembina Pipeline Corp. has a 12-month low of $34.13 and a 12-month high of $43.44.

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

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $0.5109 dividend. This represents a $2.04 annualized dividend and a dividend yield of 5.49%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, June 16th. Pembina Pipeline's payout ratio is 93.67%.

Wall Street Analyst Weigh In

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