10,541 Shares in Pembina Pipeline Corp. $PBA Bought by Group One Trading LLC

Group One Trading LLC purchased a new position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,541 shares of the pipeline company’s stock, valued at approximately $488,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Western Wealth Management LLC acquired a new position in shares of Pembina Pipeline during the first quarter valued at about $25,000. Tobam acquired a new stake in shares of Pembina Pipeline in the 4th quarter valued at about $28,000. Dunhill Financial LLC bought a new stake in Pembina Pipeline in the 2nd quarter valued at about $31,000. N.E.W. Advisory Services LLC bought a new stake in Pembina Pipeline in the 2nd quarter valued at about $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Pembina Pipeline during the 3rd quarter worth approximately $31,000. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at $48.71 on Tuesday. The company has a market cap of $28.33 billion, a PE ratio of 23.88 and a beta of 0.57. Pembina Pipeline Corp. has a 52 week low of $36.20 and a 52 week high of $51.58. The business has a 50 day moving average price of $48.45 and a 200-day moving average price of $46.45. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 0.78.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.46 billion. Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share. Equities analysts anticipate that Pembina Pipeline Corp. will post 2.23 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a $0.735 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.94 annualized dividend and a dividend yield of 6.0%. Pembina Pipeline’s payout ratio is 102.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Pembina Pipeline in a research note on Friday, July 3rd. Scotiabank downgraded shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, July 20th. Wall Street Zen upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Royal Bank Of Canada upped their price objective on shares of Pembina Pipeline from $64.00 to $68.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research note on Friday, July 31st. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.00.

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.