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Montrusco Bolton Investments Inc. Trims Stock Position in Pembina Pipeline Corp. $PBA
Montrusco Bolton Investments Inc. reduced its stake in Pembina Pipeline Corp. by 17.8%, selling 49,772 shares and retaining 229,490 shares valued at approximately $8.75 million. This divestment occurred despite Pembina Pipeline beating earnings estimates but missing revenue expectations, with their dividend payout ratio raising sustainability concerns. Other institutional investors, however, increased their positions in the company during the same period.