Capital Fund Management S.A. bought a new position in shares of Pembina Pipeline Corp. (NYSE:PBA) during the second quarter, Holdings Channel reports. The institutional investor bought 7,076 shares of the company’s stock, valued at approximately $215,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of PBA. Bank of Montreal Can purchased a new position in Pembina Pipeline Corp. during the second quarter worth $330,186,000. CIBC World Markets Inc. increased its position in Pembina Pipeline Corp. by 3.4% in the second quarter. CIBC World Markets Inc. now owns 5,868,661 shares of the company’s stock worth $178,055,000 after buying an additional 192,546 shares in the last quarter. Scotia Capital Inc. increased its position in Pembina Pipeline Corp. by 41.3% in the first quarter. Scotia Capital Inc. now owns 1,983,850 shares of the company’s stock worth $53,570,000 after buying an additional 579,980 shares in the last quarter. Sentry Investments Corp. increased its position in Pembina Pipeline Corp. by 51.5% in the first quarter. Sentry Investments Corp. now owns 1,864,055 shares of the company’s stock worth $65,447,000 after buying an additional 633,850 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. increased its position in Pembina Pipeline Corp. by 24.7% in the second quarter. Montrusco Bolton Investments Inc. now owns 1,652,637 shares of the company’s stock worth $49,960,000 after buying an additional 326,830 shares in the last quarter. 46.58% of the stock is currently owned by institutional investors.
Pembina Pipeline Corp. (NYSE:PBA) traded down 0.62% during trading on Friday, reaching $30.42. The company’s stock had a trading volume of 133,792 shares. The firm has a market capitalization of $11.92 billion, a P/E ratio of 37.19 and a beta of 0.68. Pembina Pipeline Corp. has a one year low of $17.88 and a one year high of $32.31. The stock has a 50-day moving average of $30.23 and a 200 day moving average of $29.63.
Pembina Pipeline Corp. (NYSE:PBA) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Pembina Pipeline Corp. had a net margin of 10.63% and a return on equity of 7.13%. The firm’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. On average, equities research analysts predict that Pembina Pipeline Corp. will post $0.89 EPS for the current fiscal year.
The company also recently declared a oct 16 dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, October 25th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, October 21st. This represents a yield of 4.78%. Pembina Pipeline Corp.’s payout ratio is presently 179.27%.
A number of research analysts have weighed in on PBA shares. Zacks Investment Research raised Pembina Pipeline Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, October 11th. National Bank Financial cut Pembina Pipeline Corp. from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 18th. Scotiabank restated an “outperform” rating and issued a $44.00 price target on shares of Pembina Pipeline Corp. in a research report on Wednesday, August 10th. Credit Suisse Group AG cut Pembina Pipeline Corp. from an “outperform” rating to a “neutral” rating in a research report on Monday, June 20th. Finally, GMP Securities restated a “buy” rating on shares of Pembina Pipeline Corp. in a research report on Monday, June 27th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Pembina Pipeline Corp. presently has an average rating of “Buy” and a consensus price target of $41.75.
About Pembina Pipeline Corp.
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.