Quantbot Technologies LP Takes $3.27 Million Position in Pembina Pipeline Corp. $PBA

Quantbot Technologies LP bought a new stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 70,588 shares of the pipeline company’s stock, valued at approximately $3,265,000.

A number of other hedge funds have also recently added to or reduced their stakes in PBA. AQR Capital Management LLC purchased a new position in Pembina Pipeline in the first quarter valued at $374,000. Focus Partners Wealth purchased a new stake in shares of Pembina Pipeline during the 1st quarter worth about $312,000. Marshall Wace LLP purchased a new stake in shares of Pembina Pipeline during the 2nd quarter worth about $253,000. Cresset Asset Management LLC grew its position in shares of Pembina Pipeline by 4.1% during the 2nd quarter. Cresset Asset Management LLC now owns 13,684 shares of the pipeline company’s stock valued at $513,000 after acquiring an additional 534 shares during the period. Finally, AXA S.A. grew its position in shares of Pembina Pipeline by 17.5% during the 2nd quarter. AXA S.A. now owns 23,418 shares of the pipeline company’s stock valued at $878,000 after acquiring an additional 3,488 shares during the period. 55.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PBA has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price target on Pembina Pipeline from $64.00 to $68.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. BMO Capital Markets reissued a “market perform” rating on shares of Pembina Pipeline in a report on Friday, July 31st. TD Securities restated a “buy” rating on shares of Pembina Pipeline in a research report on Thursday, July 16th. Barclays reaffirmed an “overweight” rating on shares of Pembina Pipeline in a research note on Thursday, May 21st. Finally, Wall Street Zen upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $64.00.

Pembina Pipeline Stock Down 0.0%

NYSE PBA opened at $48.72 on Monday. The business has a fifty day moving average price of $48.43 and a 200 day moving average price of $46.40. Pembina Pipeline Corp. has a one year low of $36.20 and a one year high of $51.58. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.50 and a current ratio of 0.62. The company has a market cap of $28.33 billion, a P/E ratio of 23.88 and a beta of 0.57.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%.The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the firm earned $0.65 EPS. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Research analysts anticipate that Pembina Pipeline Corp. will post 2.23 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a $0.735 dividend. This represents a $2.94 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 104.41%.

Pembina Pipeline Company Profile

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.