Hillsdale Investment Management Inc. Grows Stock Position in Pembina Pipeline Co. (NYSE:PBA)

Hillsdale Investment Management Inc. grew its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 13,721.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,702 shares of the pipeline company’s stock after purchasing an additional 72,176 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Pembina Pipeline were worth $2,567,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new stake in Pembina Pipeline in the 4th quarter worth approximately $25,000. Baystate Wealth Management LLC purchased a new stake in Pembina Pipeline in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC increased its holdings in Pembina Pipeline by 74.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 462 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Pembina Pipeline by 303.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 1,142 shares during the period. Finally, Creekmur Asset Management LLC bought a new position in Pembina Pipeline in the 4th quarter worth approximately $62,000. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Trading Up 0.7 %

PBA traded up $0.27 during trading on Monday, reaching $38.16. The company had a trading volume of 876,809 shares, compared to its average volume of 1,102,055. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 0.78. The business has a 50 day simple moving average of $37.04 and a 200-day simple moving average of $35.60. Pembina Pipeline Co. has a 52 week low of $28.15 and a 52 week high of $38.27. The stock has a market cap of $22.13 billion, a P/E ratio of 16.59, a PEG ratio of 5.34 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, May 9th. The pipeline company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.83 billion. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. On average, equities analysts anticipate that Pembina Pipeline Co. will post 2.36 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were given a dividend of $0.501 per share. The ex-dividend date was Monday, June 17th. This represents a $2.00 dividend on an annualized basis and a yield of 5.25%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. Pembina Pipeline’s dividend payout ratio (DPR) is presently 87.83%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PBA shares. Scotiabank downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 19th. StockNews.com downgraded Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Finally, CIBC upped their price target on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $52.00.

About Pembina Pipeline

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.