Is it Wise to Consider Buying Pembina Pipeline (PBA) Shares?

ClearBridge Investments, an investment management firm, published its “Global Infrastructure Income Strategy” first quarter 2022 investor letter – a copy of which can be downloaded here. The ClearBridge Global Infrastructure Income Strategy trailed the S&P Global Infrastructure Index, which returned 7.27% for the quarter, while both handily outperformed global equities as measured by the MSCI All Country World Index (-5.36%). Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, ClearBridge Investments Global Infrastructure Income Strategy mentioned Pembina Pipeline Corporation (NYSE:PBA) and explained its insights for the company. Founded in 1954, Pembina Pipeline Corporation (NYSE:PBA) is a Calgary, Canada-based pipeline transport company with a $21.0 billion market capitalization. Pembina Pipeline Corporation (NYSE:PBA)  delivered a 25.49% return since the beginning of the year, while its 12-month returns are up by 19.57%. The stock closed at $38.06 per share on May 03, 2022.

Here is what ClearBridge Investments Global Infrastructure Income Strategy has to say about Pembina Pipeline Corporation (NYSE:PBA) in its Q1 2022 investor letter:

“On a regional basis, the U.S. and Canada were the top contributors to quarterly performance. Pembina Pipeline, which provides transportation and midstream services for the energy industry in North America, was also up on greater LNG demand. The hiring of Scott Burrows as permanent CEO and Jaret Sprott as COO and reaffirmation of its corporate strategy also boosted investor sentiment. On an individual stock basis, the largest contributors to absolute returns in the quarter includes Pembina Pipeline.”

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Our calculations show that Pembina Pipeline Corporation (NYSE:PBA) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Pembina Pipeline Corporation (NYSE:PBA) was in 10 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 8 funds in the previous quarter. Pembina Pipeline Corporation (NYSE:PBA) delivered a 16.57% return in the past 3 months.

In April 2022, we published an article that includes Pembina Pipeline Corporation (NYSE:PBA) in 5 TSX-60 Stocks that Pay Dividends. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.