Alliancebernstein L.P. reduced its position in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,619 shares of the pipeline company’s stock after selling 110 shares during the period. Alliancebernstein L.P.’s holdings in Pembina Pipeline Corp were worth $939,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Capstone Asset Management Co. increased its position in Pembina Pipeline Corp by 9.0% in the first quarter. Capstone Asset Management Co. now owns 272,635 shares of the pipeline company’s stock worth $8,645,000 after buying an additional 22,408 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Pembina Pipeline Corp by 29.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 33,522 shares of the pipeline company’s stock worth $1,060,000 after buying an additional 7,665 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Pembina Pipeline Corp by 28.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 107,905 shares of the pipeline company’s stock worth $3,380,000 after buying an additional 23,692 shares during the last quarter. JPMorgan Chase & Co. increased its position in Pembina Pipeline Corp by 10.1% in the first quarter. JPMorgan Chase & Co. now owns 149,479 shares of the pipeline company’s stock worth $4,739,000 after buying an additional 13,708 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its position in Pembina Pipeline Corp by 12.6% in the first quarter. Hillsdale Investment Management Inc. now owns 147,300 shares of the pipeline company’s stock worth $4,658,000 after buying an additional 16,500 shares during the last quarter. 46.73% of the stock is currently owned by institutional investors.
Pembina Pipeline Corp (PBA) opened at 32.02 on Friday. The company has a market cap of $12.90 billion, a price-to-earnings ratio of 31.39 and a beta of 0.71. The firm’s 50-day moving average is $33.51 and its 200-day moving average is $32.46. Pembina Pipeline Corp has a 12 month low of $27.44 and a 12 month high of $34.97.
Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.08. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Pembina Pipeline Corp had a net margin of 12.12% and a return on equity of 8.59%. Pembina Pipeline Corp’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. On average, analysts anticipate that Pembina Pipeline Corp will post $1.36 EPS for the current fiscal year.
The company also recently disclosed a aug 17 dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a dividend yield of 4.85%. Pembina Pipeline Corp’s dividend payout ratio is presently 161.86%.
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PBA has been the topic of several research reports. BidaskClub upgraded shares of Pembina Pipeline Corp from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Pembina Pipeline Corp from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Friday, July 21st. Finally, AltaCorp Capital upgraded shares of Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 19th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Pembina Pipeline Corp has a consensus rating of “Buy” and an average price target of $43.00.
Pembina Pipeline Corp Company 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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