Westerkirk Capital Inc. Has $65,000 Stock Position in Pembina Pipeline Corp. $PBA

Westerkirk Capital Inc. lowered its stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 93.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,700 shares of the pipeline company’s stock after selling 22,700 shares during the period. Westerkirk Capital Inc.’s holdings in Pembina Pipeline were worth $65,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PBA. Caitong International Asset Management Co. Ltd bought a new position in Pembina Pipeline during the third quarter worth about $31,000. Larson Financial Group LLC lifted its position in shares of Pembina Pipeline by 32.4% in the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock valued at $43,000 after buying an additional 259 shares during the last quarter. Fulcrum Asset Management LLP bought a new position in shares of Pembina Pipeline during the 3rd quarter worth approximately $46,000. IFP Advisors Inc increased its holdings in shares of Pembina Pipeline by 74.8% during the 4th quarter. IFP Advisors Inc now owns 1,199 shares of the pipeline company’s stock worth $46,000 after acquiring an additional 513 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Pembina Pipeline by 43.3% in the fourth quarter. Parallel Advisors LLC now owns 1,446 shares of the pipeline company’s stock valued at $55,000 after purchasing an additional 437 shares during the last quarter. 55.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PBA shares. Barclays reissued an “overweight” rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. Wall Street Zen upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Royal Bank Of Canada raised their target price on shares of Pembina Pipeline from $64.00 to $68.00 and gave the company an “outperform” rating in a report on Monday, May 11th. BMO Capital Markets restated a “market perform” rating on shares of Pembina Pipeline in a research report on Tuesday, May 26th. Finally, TD Securities raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.67.

Pembina Pipeline Stock Performance

NYSE:PBA opened at $48.13 on Wednesday. Pembina Pipeline Corp. has a twelve month low of $35.45 and a twelve month high of $50.10. The company has a quick ratio of 0.68, a current ratio of 0.83 and a debt-to-equity ratio of 0.84. The stock’s 50-day simple moving average is $46.03 and its 200 day simple moving average is $42.73. The firm has a market capitalization of $27.98 billion, a PE ratio of 25.07 and a beta of 0.57.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, May 7th. The pipeline company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was down 7.7% on a year-over-year basis. On average, analysts anticipate that Pembina Pipeline Corp. will post 2.28 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.735 dividend. This represents a $2.94 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.71. Pembina Pipeline’s payout ratio is currently 108.33%.

About Pembina Pipeline

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.