Campbell & CO Investment Adviser LLC Invests $304,000 in Pembina Pipeline Corp. $PBA

Campbell & CO Investment Adviser LLC acquired a new position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,100 shares of the pipeline company’s stock, valued at approximately $304,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in Pembina Pipeline during the 1st quarter worth about $27,000. Larson Financial Group LLC raised its position in shares of Pembina Pipeline by 53.4% during the first quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock worth $54,000 after acquiring an additional 467 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Pembina Pipeline during the second quarter worth about $66,000. First Horizon Advisors Inc. lifted its stake in shares of Pembina Pipeline by 172.2% in the second quarter. First Horizon Advisors Inc. now owns 1,832 shares of the pipeline company’s stock worth $69,000 after acquiring an additional 1,159 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Pembina Pipeline by 11.4% in the second 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 last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wells Fargo & Company lowered shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 6th. Raymond James Financial reiterated an “outperform” rating on shares of Pembina Pipeline in a research report on Monday, August 11th. Jefferies Financial Group lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Wednesday, July 23rd. Wall Street Zen cut shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Pembina Pipeline in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at $38.47 on Tuesday. The business has a 50-day simple moving average of $38.91 and a 200 day simple moving average of $37.91. Pembina Pipeline Corp. has a one year low of $34.13 and a one year high of $43.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62. The firm has a market capitalization of $22.35 billion, a price-to-earnings ratio of 18.06 and a beta of 0.75.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, November 6th. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.14). The firm had revenue of $911.47 million during 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%.The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 EPS. On average, research analysts anticipate that Pembina Pipeline Corp. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.84 annualized dividend and a dividend yield of 7.4%. Pembina Pipeline’s dividend payout ratio is 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.