Fiera Capital Corp Has $49.38 Million Stake in Pembina Pipeline Co. (NYSE:PBA)

Fiera Capital Corp grew its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 15.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,196,390 shares of the pipeline company's stock after acquiring an additional 160,946 shares during the period. Fiera Capital Corp owned about 0.21% of Pembina Pipeline worth $49,381,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new position in Pembina Pipeline during the third quarter worth approximately $25,000. Blue Trust Inc. lifted its holdings in Pembina Pipeline by 223.8% in the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company's stock worth $30,000 after acquiring an additional 508 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Pembina Pipeline by 65.0% during the third quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company's stock valued at $34,000 after acquiring an additional 325 shares during the period. Beacon Capital Management LLC bought a new position in Pembina Pipeline in the 1st quarter worth approximately $37,000. Finally, EverSource Wealth Advisors LLC grew its position in Pembina Pipeline by 30.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company's stock valued at $65,000 after buying an additional 387 shares in the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Pembina Pipeline Trading Down 0.6 %

PBA stock traded down $0.25 during midday trading on Friday, hitting $40.97. 627,948 shares of the company's stock were exchanged, compared to its average volume of 713,027. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.55 and a current ratio of 0.65. Pembina Pipeline Co. has a one year low of $31.51 and a one year high of $43.44. The stock's fifty day moving average price is $41.63 and its 200-day moving average price is $38.85. The company has a market cap of $23.78 billion, a PE ratio of 16.93 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.21. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. Pembina Pipeline had a net margin of 25.39% and a return on equity of 13.62%. The company's revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. Research 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 announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.69 dividend. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 6.74%. Pembina Pipeline's dividend payout ratio is presently 84.30%.

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.