501,120 Shares in Pembina Pipeline Co. (NYSE:PBA) Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. acquired a new stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 501,120 shares of the pipeline company's stock, valued at approximately $17,285,000. Pembina Pipeline comprises approximately 1.4% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 24th largest holding. Triasima Portfolio Management inc. owned about 0.09% of Pembina Pipeline at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PBA. Baystate Wealth Management LLC acquired a new position in Pembina Pipeline during the fourth quarter worth $34,000. Cerity Partners LLC increased its holdings in Pembina Pipeline by 58.1% during the fourth quarter. Cerity Partners LLC now owns 17,240 shares of the pipeline company's stock worth $593,000 after buying an additional 6,333 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Pembina Pipeline by 10.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 12,010 shares of the pipeline company's stock worth $413,000 after buying an additional 1,137 shares during the last quarter. Miller Howard Investments Inc. NY increased its holdings in Pembina Pipeline by 1.6% during the fourth quarter. Miller Howard Investments Inc. NY now owns 360,162 shares of the pipeline company's stock worth $12,397,000 after buying an additional 5,757 shares during the last quarter. Finally, Cambiar Investors LLC acquired a new position in Pembina Pipeline during the fourth quarter worth $207,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PBA has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Pembina Pipeline from a "hold" rating to a "buy" rating in a report on Friday. TheStreet raised shares of Pembina Pipeline from a "c" rating to a "b-" rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.33.

Pembina Pipeline Stock Performance

PBA stock traded down $0.39 during midday trading on Friday, reaching $34.71. 1,139,807 shares of the company were exchanged, compared to its average volume of 1,069,733. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71. The business has a 50-day moving average price of $34.78 and a two-hundred day moving average price of $33.37. Pembina Pipeline Co. has a one year low of $28.15 and a one year high of $36.17. The firm has a market capitalization of $20.11 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 5.14 and a beta of 1.20.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.34. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.83 billion. Equities research analysts forecast that Pembina Pipeline Co. will post 2.28 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.4944 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's payout ratio is presently 89.14%.

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.