Catalyst Capital Advisors LLC Has $14.41 Million Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Catalyst Capital Advisors LLC grew its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 349,394 shares of the pipeline company's stock after purchasing an additional 19,515 shares during the period. Catalyst Capital Advisors LLC owned approximately 0.06% of Pembina Pipeline worth $14,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mediolanum International Funds Ltd purchased a new position in Pembina Pipeline in the 1st quarter worth $1,745,000. Quantbot Technologies LP raised its stake in Pembina Pipeline by 10,862.7% during the 1st quarter. Quantbot Technologies LP now owns 32,340 shares of the pipeline company's stock valued at $1,143,000 after purchasing an additional 32,045 shares during the period. Cetera Advisors LLC boosted its position in shares of Pembina Pipeline by 248.9% during the 1st quarter. Cetera Advisors LLC now owns 31,948 shares of the pipeline company's stock valued at $1,129,000 after acquiring an additional 22,790 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Pembina Pipeline by 13,721.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 72,702 shares of the pipeline company's stock valued at $2,567,000 after purchasing an additional 72,176 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Pembina Pipeline during the 1st quarter worth approximately $1,387,000. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Stock Performance

Shares of NYSE:PBA traded up $0.22 during trading on Tuesday, hitting $42.25. 571,141 shares of the company traded hands, compared to its average volume of 1,113,460. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of 17.60 and a beta of 1.25. The company has a quick ratio of 0.55, a current ratio of 0.68 and a debt-to-equity ratio of 0.77. Pembina Pipeline Co. has a one year low of $31.51 and a one year high of $43.44. The business's fifty day moving average is $41.58 and its 200-day moving average is $38.78.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.21. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned $0.45 earnings per share. Pembina Pipeline's quarterly revenue was up 30.5% compared to the same quarter last year. As a group, equities analysts predict that Pembina Pipeline Co. will post 2.38 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.69 dividend. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.50. This represents a $2.76 annualized dividend and a dividend yield of 6.53%. Pembina Pipeline's payout ratio is 85.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PBA. Citigroup upped their target price on Pembina Pipeline from $53.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday, August 28th. Raymond James began coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They set an "outperform" rating for the company. Finally, UBS Group began coverage on Pembina Pipeline in a research report on Wednesday, September 11th. They set a "neutral" rating for the company. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $56.50.

Pembina Pipeline Company 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.