Pembina Pipeline Corp (PBA) Shares Sold by Stephens Inc. AR

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Stephens Inc. AR reduced its stake in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 58.1% in the first quarter, HoldingsChannel.com reports. The fund owned 6,994 shares of the pipeline company’s stock after selling 9,694 shares during the quarter. Stephens Inc. AR’s holdings in Pembina Pipeline were worth $257,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Phocas Financial Corp. acquired a new stake in Pembina Pipeline during the fourth quarter valued at approximately $28,000. Motco acquired a new stake in Pembina Pipeline during the first quarter valued at approximately $28,000. Parallel Advisors LLC lifted its stake in Pembina Pipeline by 350.0% during the first quarter. Parallel Advisors LLC now owns 810 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 630 shares during the last quarter. Bremer Trust National Association acquired a new stake in Pembina Pipeline during the fourth quarter valued at approximately $32,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in Pembina Pipeline during the fourth quarter valued at approximately $33,000. 52.52% of the stock is owned by institutional investors.

PBA stock opened at $35.95 on Friday. Pembina Pipeline Corp has a 52-week low of $28.30 and a 52-week high of $37.93. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 0.62. The company has a market cap of $18.35 billion, a PE ratio of 20.31, a PEG ratio of 4.25 and a beta of 0.88.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, May 2nd. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.04). Pembina Pipeline had a net margin of 16.39% and a return on equity of 10.61%. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Pembina Pipeline Corp will post 1.72 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.1486 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.96%. This is a positive change from Pembina Pipeline’s previous monthly dividend of $0.14. Pembina Pipeline’s payout ratio is currently 96.61%.

PBA has been the subject of several recent research reports. Macquarie reissued a “buy” rating on shares of Pembina Pipeline in a research note on Tuesday, February 5th. Scotiabank reissued a “buy” rating on shares of Pembina Pipeline in a research note on Tuesday, February 5th. Zacks Investment Research raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, AltaCorp Capital reissued an “outperform” rating on shares of Pembina Pipeline in a research note on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $40.00.

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Pembina Pipeline Profile

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 Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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Want to see what other hedge funds are holding PBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL).

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

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