Pembina Pipeline Corp. $PBA Shares Sold by Eagle Global Advisors LLC

Eagle Global Advisors LLC decreased its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 16.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,730 shares of the pipeline company’s stock after selling 14,670 shares during the quarter. Eagle Global Advisors LLC’s holdings in Pembina Pipeline were worth $2,806,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Pembina Pipeline during the third quarter worth $31,000. Westside Investment Management Inc. boosted its holdings in shares of Pembina Pipeline by 100.0% during the third quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 404 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of Pembina Pipeline by 441.2% during the third quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 750 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Pembina Pipeline during the third quarter worth $40,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Pembina Pipeline by 32.4% during the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after purchasing an additional 259 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Trading Down 0.2%

NYSE:PBA opened at $42.45 on Wednesday. The business’s 50-day moving average is $44.25 and its two-hundred day moving average is $40.71. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. Pembina Pipeline Corp. has a 12 month low of $35.45 and a 12 month high of $46.19. The firm has a market capitalization of $24.68 billion, a PE ratio of 22.34 and a beta of 0.62.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, February 26th. The pipeline company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. Pembina Pipeline had a return on equity of 11.17% and a net margin of 21.76%.The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the company posted $0.92 earnings per share. The firm’s revenue was down 10.8% compared to the same quarter last year. Research analysts predict that Pembina Pipeline Corp. will post 2.17 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $0.71 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.84 annualized dividend and a yield of 6.7%. Pembina Pipeline’s dividend payout ratio (DPR) is 109.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PBA shares. Weiss Ratings upgraded Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. TD Securities reaffirmed a “hold” rating on shares of Pembina Pipeline in a research report on Wednesday, April 8th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research report on Wednesday, April 8th. Zacks Research raised Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen raised Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.00.

Pembina Pipeline 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.