Pembina Pipeline Corp (PBA) Stake Decreased by Eagle Global Advisors LLC

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Eagle Global Advisors LLC cut its position in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 37.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 475,100 shares of the pipeline company’s stock after selling 285,720 shares during the period. Eagle Global Advisors LLC’s holdings in Pembina Pipeline were worth $14,096,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PBA. Deutsche Bank AG increased its stake in shares of Pembina Pipeline by 149.2% during the 3rd quarter. Deutsche Bank AG now owns 11,846,235 shares of the pipeline company’s stock worth $402,650,000 after purchasing an additional 7,093,412 shares during the last quarter. Pictet Asset Management Ltd. acquired a new position in Pembina Pipeline in the 3rd quarter valued at about $65,866,000. Toronto Dominion Bank grew its stake in Pembina Pipeline by 14.5% in the 3rd quarter. Toronto Dominion Bank now owns 4,634,616 shares of the pipeline company’s stock valued at $157,679,000 after buying an additional 585,361 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Pembina Pipeline by 297.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 700,309 shares of the pipeline company’s stock valued at $23,805,000 after buying an additional 524,204 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Pembina Pipeline by 223.8% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 707,748 shares of the pipeline company’s stock valued at $24,056,000 after buying an additional 489,187 shares during the last quarter. Institutional investors own 49.36% of the company’s stock.

A number of research analysts recently commented on PBA shares. Zacks Investment Research upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Thursday, October 4th. National Bank Financial reiterated a “buy” rating on shares of Pembina Pipeline in a research note on Friday, November 2nd. Credit Suisse Group upgraded shares of Pembina Pipeline from a “neutral” rating to an “outperform” rating in a research note on Friday, November 16th. Raymond James reiterated a “buy” rating on shares of Pembina Pipeline in a research note on Tuesday, November 6th. Finally, CIBC reiterated a “buy” rating on shares of Pembina Pipeline in a research note on Friday, November 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Pembina Pipeline presently has a consensus rating of “Buy” and a consensus target price of $40.00.

PBA traded up $0.22 on Thursday, reaching $35.64. The company had a trading volume of 21,400 shares, compared to its average volume of 581,044. Pembina Pipeline Corp has a fifty-two week low of $28.30 and a fifty-two week high of $36.84. The firm has a market cap of $18.01 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 2.65 and a beta of 0.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.51 and a current ratio of 0.70.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, November 1st. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.13. Pembina Pipeline had a net margin of 18.00% and a return on equity of 11.01%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business posted $0.22 EPS. The business’s revenue was up 95.7% compared to the same quarter last year. As a group, equities analysts forecast that Pembina Pipeline Corp will post 1.67 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, January 25th will be given a dividend of $0.1399 per share. The ex-dividend date is Thursday, January 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.71%. Pembina Pipeline’s payout ratio is presently 125.56%.

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About Pembina Pipeline

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.

Further Reading: Net Margin

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Institutional Ownership by Quarter for Pembina Pipeline (NYSE:PBA)

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