Pembina Pipeline Corp. $PBA Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,650 shares of the pipeline company’s stock after buying an additional 14,636 shares during the period. Commonwealth Equity Services LLC’s holdings in Pembina Pipeline were worth $8,482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PBA. Mather Group LLC. acquired a new stake in shares of Pembina Pipeline in the third quarter worth approximately $45,000. State of Wyoming acquired a new position in Pembina Pipeline during the second quarter worth approximately $58,000. Ameritas Advisory Services LLC purchased a new position in Pembina Pipeline during the second quarter worth approximately $66,000. First Horizon Advisors Inc. boosted its holdings in shares of Pembina Pipeline by 172.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,832 shares of the pipeline company’s stock valued at $69,000 after purchasing an additional 1,159 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Pembina Pipeline during the 2nd quarter valued at $104,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Up 1.0%

NYSE PBA opened at $37.26 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.53 and a debt-to-equity ratio of 0.77. Pembina Pipeline Corp. has a fifty-two week low of $34.13 and a fifty-two week high of $42.40. The business has a 50 day moving average price of $38.07 and a two-hundred day moving average price of $38.03. The stock has a market cap of $21.65 billion, a PE ratio of 18.63 and a beta of 0.66.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, November 6th. The pipeline company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.14). Pembina Pipeline had a net margin of 22.17% and a return on equity of 11.59%. The business had revenue of $911.47 million for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts predict that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a $0.71 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.84 annualized dividend and a dividend yield of 7.6%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 101.50%.

Analysts Set New Price Targets

Several research analysts recently weighed in on PBA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pembina Pipeline in a research report on Monday, December 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research note on Tuesday, December 16th. Zacks Research cut Pembina Pipeline from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 24th. Finally, TD Securities cut their price target on shares of Pembina Pipeline from $65.00 to $60.00 and set a “buy” rating on the stock 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, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.00.

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.