Catalyst Capital Advisors LLC Raises Stock Holdings in Pembina Pipeline Corp. (NYSE:PBA)

Catalyst Capital Advisors LLC raised its position in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 18.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 445,057 shares of the pipeline company's stock after buying an additional 67,797 shares during the quarter. Catalyst Capital Advisors LLC owned approximately 0.08% of Pembina Pipeline worth $17,816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PBA. First Horizon Advisors Inc. lifted its stake in Pembina Pipeline by 69.9% in the first quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock valued at $27,000 after buying an additional 277 shares during the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of Pembina Pipeline during the fourth quarter worth approximately $37,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Pembina Pipeline during the fourth quarter worth approximately $40,000. Dunhill Financial LLC raised its stake in shares of Pembina Pipeline by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company's stock worth $50,000 after purchasing an additional 675 shares during the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new stake in shares of Pembina Pipeline during the fourth quarter worth approximately $61,000. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Price Performance

PBA stock traded down $1.05 on Monday, reaching $36.27. 1,372,858 shares of the company's stock were exchanged, compared to its average volume of 1,303,555. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.75. The firm has a market cap of $21.07 billion, a PE ratio of 16.41 and a beta of 0.76. Pembina Pipeline Corp. has a twelve month low of $34.13 and a twelve month high of $43.44. The stock has a fifty day moving average of $37.71 and a 200-day moving average of $37.52.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last posted its earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.23. The company had revenue of $1.14 billion for 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%. Pembina Pipeline's revenue was up 48.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 earnings per share. As a group, equities analysts predict that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.5109 dividend. This is a positive change 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 yield of 5.63%. Pembina Pipeline's dividend payout ratio is 93.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PBA shares. National Bank Financial upgraded Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 25th. National Bankshares raised Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a report on Thursday, June 26th. Barclays reaffirmed an "overweight" rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd. Finally, Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Pembina Pipeline presently has a consensus rating of "Moderate Buy" and an average 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.