Aviva PLC Raises Position in Pembina Pipeline Corp. (PBA)
Aviva PLC boosted its position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 248,929 shares of the pipeline company’s stock after buying an additional 4,210 shares during the period. Aviva PLC owned about 0.06% of Pembina Pipeline Corp. worth $8,233,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in PBA. HighTower Advisors LLC raised its stake in Pembina Pipeline Corp. by 1.2% in the first quarter. HighTower Advisors LLC now owns 7,730 shares of the pipeline company’s stock worth $245,000 after buying an additional 93 shares in the last quarter. Girard Partners LTD. raised its stake in Pembina Pipeline Corp. by 0.8% in the first quarter. Girard Partners LTD. now owns 11,401 shares of the pipeline company’s stock worth $362,000 after buying an additional 95 shares in the last quarter. Sei Investments Co. raised its stake in Pembina Pipeline Corp. by 0.5% in the second quarter. Sei Investments Co. now owns 24,708 shares of the pipeline company’s stock worth $818,000 after buying an additional 125 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Pembina Pipeline Corp. by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 7,578 shares of the pipeline company’s stock worth $240,000 after buying an additional 128 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in Pembina Pipeline Corp. by 2.4% in the first quarter. Cornerstone Wealth Management LLC now owns 7,129 shares of the pipeline company’s stock worth $228,000 after buying an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.
Pembina Pipeline Corp. (NYSE PBA) opened at 31.54 on Tuesday. The firm has a market capitalization of $12.71 billion, a P/E ratio of 31.29 and a beta of 0.71. The stock’s 50 day moving average price is $33.15 and its 200-day moving average price is $32.48. 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.08. Pembina Pipeline Corp. had a net margin of 12.12% and a return on equity of 8.60%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company earned $0.25 earnings per share. The company’s revenue was up 13.5% compared to the same quarter last year. Equities analysts forecast that Pembina Pipeline Corp. will post $1.39 earnings per share for the current year.
The business also recently disclosed a aug 17 dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a yield of 4.85%. Pembina Pipeline Corp.’s dividend payout ratio (DPR) is 168.04%.
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PBA has been the subject of a number of analyst reports. BidaskClub upgraded Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. AltaCorp Capital restated an “outperform” rating on shares of Pembina Pipeline Corp. in a report on Wednesday, May 3rd. Finally, National Bank Financial upgraded Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Pembina Pipeline Corp. has an average 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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