Creative Planning Sells 8,634 Shares of Pembina Pipeline Corp. $PBA

Creative Planning lessened its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 10.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,143 shares of the pipeline company’s stock after selling 8,634 shares during the quarter. Creative Planning’s holdings in Pembina Pipeline were worth $2,894,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Pembina Pipeline by 1.6% during 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% during the second quarter. TD Asset Management Inc now owns 7,298,690 shares of the pipeline company’s stock worth $273,494,000 after buying an additional 347,854 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Pembina Pipeline by 78.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company’s stock worth $283,770,000 after buying an additional 3,108,920 shares during the last quarter. Scotia Capital Inc. raised its holdings in Pembina Pipeline by 5.2% during the first quarter. Scotia Capital Inc. now owns 5,230,781 shares of the pipeline company’s stock valued at $208,856,000 after buying an additional 260,804 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Pembina Pipeline by 19.9% in the second quarter. Geode Capital Management LLC now owns 4,846,067 shares of the pipeline company’s stock worth $185,024,000 after buying an additional 805,488 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Trading Down 0.9%

Shares of PBA stock opened at $38.20 on Monday. The firm has a market capitalization of $22.19 billion, a P/E ratio of 17.93 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 firm’s fifty day simple moving average is $38.90 and its 200 day simple moving average is $37.90. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, November 6th. The pipeline company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.14). The company had revenue of $911.47 million during the quarter, compared to the consensus estimate 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 for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. As a group, sell-side analysts predict that Pembina Pipeline Corp. will post 2.15 EPS for the current year.

Pembina Pipeline Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 7.4%. Pembina Pipeline’s dividend payout ratio (DPR) is 101.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Raymond James Financial reissued an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pembina Pipeline in a report on Wednesday. Wells Fargo & Company lowered shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Pembina Pipeline 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.