Edmond DE Rothschild Holding S.A. reduced its stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 10.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,000 shares of the pipeline company’s stock after selling 11,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Pembina Pipeline Corp. were worth $3,050,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Girard Partners LTD. increased its stake in Pembina Pipeline Corp. by 0.9% in the second quarter. Girard Partners LTD. now owns 11,498 shares of the pipeline company’s stock valued at $381,000 after purchasing an additional 97 shares in the last quarter. Aviva PLC increased its stake in Pembina Pipeline Corp. by 1.7% in the second quarter. Aviva PLC now owns 248,929 shares of the pipeline company’s stock valued at $8,233,000 after purchasing an additional 4,210 shares in the last quarter. Creative Planning increased its stake in Pembina Pipeline Corp. by 5.2% in the second quarter. Creative Planning now owns 50,515 shares of the pipeline company’s stock valued at $1,673,000 after purchasing an additional 2,495 shares in the last quarter. Jennison Associates LLC increased its stake in Pembina Pipeline Corp. by 502.2% in the second quarter. Jennison Associates LLC now owns 1,271,009 shares of the pipeline company’s stock valued at $42,096,000 after purchasing an additional 1,059,961 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Pembina Pipeline Corp. by 5.3% in the first quarter. Vanguard Group Inc. now owns 9,479,317 shares of the pipeline company’s stock valued at $300,589,000 after purchasing an additional 474,863 shares in the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.
Several research firms have weighed in on PBA. BidaskClub downgraded shares of Pembina Pipeline Corp. from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, AltaCorp Capital raised shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Pembina Pipeline Corp. currently has an average rating of “Buy” and an average target price of $43.00.
Shares of Pembina Pipeline Corp. (NYSE PBA) opened at 34.07 on Friday. The company has a market capitalization of $13.73 billion, a P/E ratio of 33.30 and a beta of 0.72. The stock’s 50 day moving average is $32.71 and its 200 day moving average is $32.59. Pembina Pipeline Corp. has a 52-week low of $27.44 and a 52-week high of $34.97.
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last posted its earnings results on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.08). Pembina Pipeline Corp. had a return on equity of 8.60% and a net margin of 12.12%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. Equities analysts expect that Pembina Pipeline Corp. will post $1.43 EPS for the current year.
The business also recently announced a monthly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, September 25th will be given a $0.139 dividend. This represents a $1.67 annualized dividend and a dividend yield of 4.90%. This is a boost from Pembina Pipeline Corp.’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Friday, September 22nd. Pembina Pipeline Corp.’s dividend payout ratio (DPR) is currently 168.04%.
Pembina Pipeline Corp. Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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