MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd Makes New $34.30 Million Investment in Pembina Pipeline Corp. $PBA

Key Points

• MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd acquired 769,436 shares of Pembina Pipeline, valued at approximately $34.3 million, making the stock its fifth-largest portfolio holding at 4.4%.
• Institutional ownership remains significant at 55.37%, with several major investors—including Cardinal Capital, Manulife, and the Canada Pension Plan Investment Board—adding or initiating positions.
• Analyst sentiment is mixed but leans positive: Pembina has a “Moderate Buy” consensus rating and a $64 average price target, while its latest quarter slightly missed earnings and revenue expectations.

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd acquired a new position in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 769,436 shares of the pipeline company's stock, valued at approximately $34,301,000. Pembina Pipeline comprises about 4.4% of MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's investment portfolio, making the stock its 5th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cardinal Capital Management Inc. lifted its holdings in Pembina Pipeline by 102.4% during the 3rd quarter. Cardinal Capital Management Inc. now owns 7,356,398 shares of the pipeline company's stock worth $329,243,000 after buying an additional 3,721,819 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Pembina Pipeline in the 2nd quarter valued at about $285,738,000. Canada Pension Plan Investment Board bought a new stake in shares of Pembina Pipeline in the 2nd quarter valued at about $264,907,000. Deutsche Bank AG acquired a new stake in shares of Pembina Pipeline in the second quarter valued at about $262,233,000. Finally, Legal & General Group Plc acquired a new stake in shares of Pembina Pipeline in the second quarter valued at about $199,230,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PBA shares. Scotiabank downgraded Pembina Pipeline from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, July 20th. Wall Street Zen upgraded Pembina Pipeline from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. TD Securities reissued a "buy" rating on shares of Pembina Pipeline in a research report on Friday, October 16th. Weiss Ratings lowered shares of Pembina Pipeline from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, October 22nd. Finally, Canadian Imperial Bank of Commerce lowered shares of Pembina Pipeline from an "outperform" rating to a "hold" rating in a report on Thursday, October 22nd. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $64.00.

Pembina Pipeline Stock Performance

Shares of PBA opened at $49.98 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $29.07 billion, a P/E ratio of 24.50 and a beta of 0.62. The firm's fifty day simple moving average is $47.89 and its two-hundred day simple moving average is $46.20. Pembina Pipeline Corp. has a 12 month low of $36.20 and a 12 month high of $51.58.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.46 billion. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%. The business's revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 earnings per share. As a group, analysts predict that Pembina Pipeline Corp. will post 2.19 EPS for the current year.

Pembina Pipeline Profile

Pembina Pipeline Corporation is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Founded in 1954, the company owns and operates pipelines and related facilities that transport and process hydrocarbon products, primarily in Western Canada.

Pembina's operations include conventional and oil sands pipelines, natural gas gathering and processing facilities, fractionation and storage assets, and infrastructure for moving natural gas liquids such as propane, butane and ethane.

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