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. Stockholders 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) traded down 1.35% on Friday, hitting $30.06. The stock had a trading volume of 109,648 shares. Pembina Pipeline Corp. has a 52-week low of $17.88 and a 52-week high of $32.31. The company has a 50 day moving average price of $30.30 and a 200-day moving average price of $29.46. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 36.57 and a beta of 0.68.
Pembina Pipeline Corp. (NYSE:PBA) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The company earned $1.03 billion during the quarter, compared to the consensus estimate of $1.50 billion. Pembina Pipeline Corp. had a return on equity of 7.13% and a net margin of 10.63%. The company’s revenue was down 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. On average, equities research analysts predict that Pembina Pipeline Corp. will post $0.89 earnings per share for the current year.
Several hedge funds 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 approximately $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 during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Pembina Pipeline Corp. during the second quarter worth approximately $324,000. Highbridge Capital Management LLC bought a new stake in shares of Pembina Pipeline Corp. during the second quarter worth approximately $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 during the last quarter. Hedge funds and other institutional investors own 46.58% of the company’s stock.
PBA has been the topic of several recent analyst reports. Zacks Investment Research lowered Pembina Pipeline Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 10th. Credit Suisse Group AG lowered Pembina Pipeline Corp. from an “outperform” rating to a “neutral” rating in a research report on Monday, June 20th. RBC Capital Markets reaffirmed an “outperform” rating and set a $45.00 target price (up from $42.00) on shares of Pembina Pipeline Corp. in a research report on Wednesday, August 10th. Canaccord Genuity reaffirmed a “buy” rating on shares of Pembina Pipeline Corp. in a research report on Thursday, September 8th. Finally, National Bank Financial lowered Pembina Pipeline Corp. from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 18th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Pembina Pipeline Corp. presently has a consensus 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.
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