The Pembina Pipeline Corp. to Issue Oct 16 Dividend of $0.16 (PBA)

The Pembina Pipeline Corp. to Issue Oct 16 Dividend of $0.16 (PBA)

Pembina Pipeline Corp. (NYSE:PBA) declared a oct 16 dividend on Friday, October 7th. Investors of record on Tuesday, October 25th will be given a dividend of 0.16 per share on Tuesday, November 15th.

Pembina Pipeline Corp. (NYSE:PBA) opened at 30.10 on Monday. Pembina Pipeline Corp. has a 52-week low of $17.88 and a 52-week high of $32.31. The company’s 50 day moving average price is $30.27 and its 200 day moving average price is $29.49. The company has a market cap of $11.80 billion, a P/E ratio of 36.62 and a beta of 0.68.

Pembina Pipeline Corp. (NYSE:PBA) last released its earnings results on Thursday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.05. Pembina Pipeline Corp. had a return on equity of 7.13% and a net margin of 10.63%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.09 EPS. The business’s revenue was down 15.3% on a year-over-year basis. Equities research analysts anticipate that Pembina Pipeline Corp. will post $0.89 EPS for the current fiscal year.

PBA has been the topic of several analyst reports. Zacks Investment Research lowered Pembina Pipeline Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 15th. Credit Suisse Group AG lowered Pembina Pipeline Corp. from an “outperform” rating to a “neutral” rating in a research note on Monday, June 20th. GMP Securities restated a “buy” rating on shares of Pembina Pipeline Corp. in a research note on Monday, June 27th. National Bank Financial lowered Pembina Pipeline Corp. from an “outperform” rating to a “sector perform” rating in a research note on Monday, July 18th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Pembina Pipeline Corp. in a research note on Wednesday, August 10th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Pembina Pipeline Corp. has an average rating of “Buy” and a consensus target price of $41.75.

A number of large investors have recently modified their holdings of PBA. Advisor Group Inc. bought a new stake in shares of Pembina Pipeline Corp. during the second quarter worth about $235,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Pembina Pipeline Corp. by 154.3% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,900 shares of the company’s stock worth $269,000 after buying an additional 5,400 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Pembina Pipeline Corp. during the second quarter worth about $324,000. Highbridge Capital Management LLC bought a new stake in shares of Pembina Pipeline Corp. during the second quarter worth about $349,000. Finally, Raymond James & Associates increased its stake in shares of Pembina Pipeline Corp. by 1.0% in the second quarter. Raymond James & Associates now owns 17,037 shares of the company’s stock worth $516,000 after buying an additional 171 shares in the last quarter. 46.58% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Corp. Company Profile

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