288,137 Shares in Pembina Pipeline Corp. (PBA) Purchased by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. purchased a new stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 288,137 shares of the pipeline company’s stock, valued at approximately $10,114,000. Crossmark Global Holdings Inc. owned approximately 0.07% of Pembina Pipeline Corp. at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of PBA. Linscomb & Williams Inc. purchased a new stake in shares of Pembina Pipeline Corp. in the second quarter valued at approximately $116,000. Envestnet Asset Management Inc. grew its position in shares of Pembina Pipeline Corp. by 9.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,801 shares of the pipeline company’s stock valued at $120,000 after purchasing an additional 335 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in shares of Pembina Pipeline Corp. in the second quarter valued at approximately $132,000. Pinebridge Investments L.P. purchased a new stake in shares of Pembina Pipeline Corp. in the second quarter valued at approximately $146,000. Finally, HPM Partners LLC grew its position in shares of Pembina Pipeline Corp. by 213.5% in the second quarter. HPM Partners LLC now owns 71,821 shares of the pipeline company’s stock valued at $177,000 after purchasing an additional 48,910 shares in the last quarter. Institutional investors and hedge funds own 50.11% of the company’s stock.
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A number of equities research analysts have recently issued reports on PBA shares. Zacks Investment Research lowered Pembina Pipeline Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. AltaCorp Capital upgraded Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 19th. Finally, BidaskClub upgraded Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Pembina Pipeline Corp. presently has a consensus rating of “Buy” and a consensus target price of $43.00.
Shares of Pembina Pipeline Corp. (NYSE:PBA) traded up 0.03% on Tuesday, reaching $33.09. The company had a trading volume of 103,802 shares. Pembina Pipeline Corp. has a 1-year low of $27.44 and a 1-year high of $35.63. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 33.26 and a beta of 0.73. The firm has a 50-day moving average price of $33.99 and a 200 day moving average price of $33.01.
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last issued 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 company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.36 billion. Pembina Pipeline Corp. had a return on equity of 8.60% and a net margin of 12.12%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Equities research analysts predict that Pembina Pipeline Corp. will post $1.24 earnings per share for the current year.
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 25th will be paid a $0.144 dividend. This is a boost from Pembina Pipeline Corp.’s previous monthly dividend of $0.14. This represents a $1.73 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Tuesday, October 24th. Pembina Pipeline Corp.’s payout ratio is presently 178.35%.
About Pembina Pipeline Corp.
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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