Montrusco Bolton Investments Inc. Reduces Position in Pembina Pipeline Corp. $PBA

Key Points

• Montrusco Bolton Investments Inc. reduced its holdings in Pembina Pipeline Corp. by 20.3%, now owning approximately 323,405 shares valued at $12.12 million.
• Pembina Pipeline's recent quarterly dividend increased from $0.51 to $0.71, reflecting a yield of 7.3% and a payout ratio of 97.18%.
• An upgrade from National Bankshares and various changes in ratings by analysts resulted in an overall average rating of "Moderate Buy" for Pembina Pipeline stock.

Montrusco Bolton Investments Inc. lessened its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 20.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 323,405 shares of the pipeline company's stock after selling 82,187 shares during the period. Montrusco Bolton Investments Inc. owned about 0.06% of Pembina Pipeline worth $12,119,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. First Horizon Advisors Inc. boosted its position in shares of Pembina Pipeline by 69.9% during 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 period. N.E.W. Advisory Services LLC purchased a new position in shares of Pembina Pipeline during the first quarter valued at approximately $27,000. Larson Financial Group LLC boosted its position in shares of Pembina Pipeline by 53.4% during the first 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. Ameritas Advisory Services LLC purchased a new position in shares of Pembina Pipeline during the second quarter valued at approximately $66,000. Finally, Dunhill Financial LLC boosted its position in shares of Pembina Pipeline by 42.6% during the first quarter. Dunhill Financial LLC now owns 1,925 shares of the pipeline company's stock valued at $77,000 after buying an additional 575 shares during the period. Hedge funds and other institutional investors own 55.37% of the company's stock.

Analyst Ratings Changes

PBA has been the subject of a number of research reports. National Bankshares upgraded Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a report on Thursday, June 26th. Raymond James Financial reissued an "outperform" rating on shares of Pembina Pipeline in a research note on Monday, August 11th. Jefferies Financial Group downgraded shares of Pembina Pipeline from a "buy" rating to a "hold" rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Pembina Pipeline from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Pembina Pipeline in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

Pembina Pipeline Price Performance

NYSE PBA opened at $39.00 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62. The stock's fifty day moving average price is $38.49 and its 200 day moving average price is $37.88. Pembina Pipeline Corp. has a 1 year low of $34.13 and a 1 year high of $43.44. The company has a market cap of $22.66 billion, a price-to-earnings ratio of 18.31 and a beta of 0.76.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were issued a $0.71 dividend. The ex-dividend date of this dividend was Monday, September 15th. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.51. This represents a $2.84 annualized dividend and a yield of 7.3%. Pembina Pipeline's dividend payout ratio is currently 97.18%.

Pembina Pipeline Profile

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.

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