AGF Management Ltd. Has $81.14 Million Stock Position in Pembina Pipeline Corp. $PBA

AGF Management Ltd. raised its stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 108.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,158,772 shares of the pipeline company’s stock after purchasing an additional 1,120,902 shares during the quarter. AGF Management Ltd. owned approximately 0.37% of Pembina Pipeline worth $81,138,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PBA. Farther Finance Advisors LLC increased its holdings in Pembina Pipeline by 8.9% during the second quarter. Farther Finance Advisors LLC now owns 3,774 shares of the pipeline company’s stock worth $142,000 after buying an additional 307 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Pembina Pipeline by 11.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,436 shares of the pipeline company’s stock valued at $129,000 after acquiring an additional 352 shares during the period. Cardinal Point Capital Management ULC increased its stake in shares of Pembina Pipeline by 1.7% during the 2nd quarter. Cardinal Point Capital Management ULC now owns 23,926 shares of the pipeline company’s stock worth $897,000 after purchasing an additional 400 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Pembina Pipeline by 1.3% during the 1st quarter. Crossmark Global Holdings Inc. now owns 34,057 shares of the pipeline company’s stock worth $1,363,000 after purchasing an additional 435 shares during the last quarter. Finally, Davis Rea LTD. raised its holdings in shares of Pembina Pipeline by 0.4% in the 2nd quarter. Davis Rea LTD. now owns 111,190 shares of the pipeline company’s stock valued at $4,159,000 after purchasing an additional 441 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Trading Down 2.8%

Shares of PBA stock opened at $37.12 on Friday. The stock has a market cap of $21.57 billion, a P/E ratio of 17.43 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 current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81. The stock has a 50 day simple moving average of $38.88 and a 200 day simple moving average of $37.93.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted 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 the consensus estimate of $1.42 billion. Pembina Pipeline had a return on equity of 12.27% and a net margin of 23.24%.Pembina Pipeline’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS. On average, research analysts predict that Pembina Pipeline Corp. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.84 annualized dividend and a yield of 7.7%. Pembina Pipeline’s dividend payout ratio is currently 96.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PBA shares. Wall Street Zen cut Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research report on Monday, August 11th. Raymond James Financial reissued an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Pembina Pipeline in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company cut shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Pembina Pipeline Company Profile

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.