Y Intercept Hong Kong Ltd Lowers Position in Pembina Pipeline Corp. $PBA

Y Intercept Hong Kong Ltd lessened its stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 91.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,120 shares of the pipeline company’s stock after selling 113,509 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Pembina Pipeline were worth $450,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. JCIC Asset Management Inc. purchased a new stake in Pembina Pipeline in the 3rd quarter valued at $232,000. Sequoia Financial Advisors LLC increased its stake in Pembina Pipeline by 37.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,029 shares of the pipeline company’s stock valued at $1,094,000 after buying an additional 7,372 shares during the last quarter. ASR Vermogensbeheer N.V. grew its holdings in shares of Pembina Pipeline by 1.6% in the third quarter. ASR Vermogensbeheer N.V. now owns 129,172 shares of the pipeline company’s stock valued at $5,224,000 after acquiring an additional 2,083 shares in the last quarter. Ritholtz Wealth Management boosted its position in Pembina Pipeline by 8.2% in the third quarter. Ritholtz Wealth Management now owns 10,514 shares of the pipeline company’s stock worth $425,000 after purchasing an additional 800 shares during the last quarter. Finally, Davis Rea LTD. grew its stake in Pembina Pipeline by 0.9% in the 3rd quarter. Davis Rea LTD. now owns 112,172 shares of the pipeline company’s stock valued at $4,538,000 after purchasing an additional 982 shares during the period. Institutional investors own 55.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PBA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Pembina Pipeline in a report on Monday, December 29th. TD Securities dropped their target price on shares of Pembina Pipeline from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, December 16th. Zacks Research raised shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Pembina Pipeline in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Pembina Pipeline Price Performance

PBA opened at $42.25 on Thursday. The firm has a 50-day moving average price of $38.78 and a 200-day moving average price of $38.39. Pembina Pipeline Corp. has a twelve month low of $34.13 and a twelve month high of $42.40. The company has a quick ratio of 0.41, a current ratio of 0.53 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $24.55 billion, a price-to-earnings ratio of 21.13 and a beta of 0.68.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, November 6th. The pipeline company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.14). Pembina Pipeline had a return on equity of 11.59% and a net margin of 22.17%.The business had revenue of $911.47 million during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Equities analysts expect that Pembina Pipeline Corp. will post 2.15 EPS for the current year.

About Pembina Pipeline

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.