Pembina Pipeline Corp. $PBA Shares Sold by Fiera Capital Corp

Fiera Capital Corp lessened its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 9.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 953,546 shares of the pipeline company’s stock after selling 95,711 shares during the period. Fiera Capital Corp owned approximately 0.16% of Pembina Pipeline worth $35,781,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Pembina Pipeline by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 25,296,456 shares of the pipeline company’s stock worth $1,011,833,000 after purchasing an additional 409,379 shares during the last quarter. TD Asset Management Inc increased its position in Pembina Pipeline by 5.0% in the 2nd quarter. TD Asset Management Inc now owns 7,298,690 shares of the pipeline company’s stock valued at $273,494,000 after acquiring an additional 347,854 shares during the period. Goldman Sachs Group Inc. raised its stake in Pembina Pipeline by 78.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company’s stock valued at $283,770,000 after acquiring an additional 3,108,920 shares in the last quarter. Scotia Capital Inc. raised its stake in Pembina Pipeline by 5.2% during the 1st quarter. Scotia Capital Inc. now owns 5,230,781 shares of the pipeline company’s stock valued at $208,856,000 after acquiring an additional 260,804 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Pembina Pipeline by 19.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,846,067 shares of the pipeline company’s stock worth $185,024,000 after acquiring an additional 805,488 shares during the period. 55.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PBA shares. Jefferies Financial Group lowered Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Wednesday, July 23rd. BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. Wells Fargo & Company lowered shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 6th. Wall Street Zen cut shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy”.

Pembina Pipeline Trading Down 0.8%

Shares of NYSE:PBA opened at $37.78 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.62 and a current ratio of 0.77. The stock has a market capitalization of $21.95 billion, a price-to-earnings ratio of 17.73 and a beta of 0.75. Pembina Pipeline Corp. has a 1-year low of $34.13 and a 1-year high of $43.44. The company has a 50 day moving average price of $38.89 and a 200 day moving average price of $37.92.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, November 6th. The pipeline company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.14). The company had revenue of $911.47 million for the quarter, compared to analyst estimates of $1.42 billion. Pembina Pipeline had a net margin of 23.24% and a return on equity of 12.27%. Pembina Pipeline’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. On average, research analysts anticipate that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 7.5%. The ex-dividend date is Monday, December 15th. Pembina Pipeline’s payout ratio is presently 101.00%.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.