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

Key Points

• Montrusco Bolton Investments cut its stake in Pembina Pipeline by 17.8%, selling 49,772 shares to hold 229,490 shares worth about $8.75 million per its latest SEC filing.
• Pembina reported quarterly EPS of $0.56, beating estimates by $0.06, but revenue fell 10.8% year‑over‑year to $1.02 billion, missing analyst expectations.
• The company pays a quarterly dividend of $0.71 (annualized $2.84) for a 6.5% yield, although its dividend payout ratio is high at 109.47%, signaling potential sustainability concerns.

Montrusco Bolton Investments Inc. cut its stake in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 229,490 shares of the pipeline company's stock after selling 49,772 shares during the period. Montrusco Bolton Investments Inc.'s holdings in Pembina Pipeline were worth $8,754,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Varma Mutual Pension Insurance Co lifted its position in Pembina Pipeline by 8.6% in the third quarter. Varma Mutual Pension Insurance Co now owns 309,779 shares of the pipeline company's stock valued at $12,528,000 after acquiring an additional 24,400 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Pembina Pipeline by 96.3% in the third quarter. Citigroup Inc. now owns 216,975 shares of the pipeline company's stock valued at $8,775,000 after buying an additional 106,419 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of Pembina Pipeline by 12.6% in the third quarter. Fiera Capital Corp now owns 1,073,818 shares of the pipeline company's stock valued at $43,402,000 after buying an additional 120,272 shares during the last quarter. Cardinal Capital Management Inc. raised its holdings in Pembina Pipeline by 10.0% during the fourth quarter. Cardinal Capital Management Inc. now owns 3,274,336 shares of the pipeline company's stock worth $124,621,000 after purchasing an additional 298,412 shares in the last quarter. Finally, JARISLOWSKY FRASER Ltd raised its holdings in Pembina Pipeline by 1,894.9% during the third quarter. JARISLOWSKY FRASER Ltd now owns 8,814,455 shares of the pipeline company's stock worth $356,468,000 after purchasing an additional 8,372,612 shares in the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Stock Up 0.4%

Shares of NYSE PBA opened at $43.38 on Friday. Pembina Pipeline Corp. has a 1 year low of $35.45 and a 1 year high of $46.19. The firm's 50 day moving average price is $44.20 and its 200 day moving average price is $40.76. The firm has a market cap of $25.22 billion, a P/E ratio of 22.83 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its earnings results on Thursday, February 26th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.06. Pembina Pipeline had a net margin of 21.76% and a return on equity of 11.17%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $0.92 earnings per share. Pembina Pipeline's revenue was down 10.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pembina Pipeline Corp. will post 2.18 earnings per share for the current year.

Pembina Pipeline Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.71 per share. The ex-dividend date was Monday, March 16th. This represents a $2.84 dividend on an annualized basis and a yield of 6.5%. Pembina Pipeline's dividend payout ratio (DPR) is 109.47%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PBA. BMO Capital Markets reissued a "market perform" rating on shares of Pembina Pipeline in a report on Wednesday, April 8th. Weiss Ratings raised shares of Pembina Pipeline from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. TD Securities reissued a "hold" rating on shares of Pembina Pipeline in a report on Wednesday, April 8th. Wall Street Zen raised shares of Pembina Pipeline from a "sell" rating to a "hold" rating in a report on Saturday, April 18th. Finally, Zacks Research upgraded shares of Pembina Pipeline from a "strong sell" rating to a "hold" rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $60.00.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation NYSE: PBA is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company's asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.

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