Janus Henderson Group PLC Sells 2,384,707 Shares of Pembina Pipeline Corp. $PBA

Janus Henderson Group PLC decreased its holdings in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 90.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,857 shares of the pipeline company’s stock after selling 2,384,707 shares during the period. Janus Henderson Group PLC’s holdings in Pembina Pipeline were worth $10,893,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PBA. AQR Capital Management LLC bought a new position in Pembina Pipeline in the 1st quarter worth approximately $374,000. Focus Partners Wealth bought a new stake in Pembina Pipeline during the 1st quarter valued at $312,000. Marshall Wace LLP bought a new stake in Pembina Pipeline during the 2nd quarter valued at $253,000. Cresset Asset Management LLC boosted its holdings in Pembina Pipeline by 4.1% in the 2nd quarter. Cresset Asset Management LLC now owns 13,684 shares of the pipeline company’s stock valued at $513,000 after purchasing an additional 534 shares during the period. Finally, AXA S.A. boosted its holdings in Pembina Pipeline by 17.5% in the 2nd quarter. AXA S.A. now owns 23,418 shares of the pipeline company’s stock valued at $878,000 after purchasing an additional 3,488 shares during the period. Institutional investors own 55.37% of the company’s stock.

Wall Street Analysts Forecast Growth

PBA has been the topic of several research analyst reports. Wall Street Zen raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. BMO Capital Markets reissued a “market perform” rating on shares of Pembina Pipeline in a research note on Friday. Weiss Ratings upgraded Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Barclays restated an “overweight” rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. Finally, Scotiabank lowered Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, July 20th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $64.00.

Pembina Pipeline Stock Up 0.6%

Shares of NYSE:PBA opened at $48.36 on Wednesday. The firm has a market capitalization of $28.12 billion, a PE ratio of 23.71 and a beta of 0.57. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.68 and a current ratio of 0.62. Pembina Pipeline Corp. has a 52-week low of $35.45 and a 52-week high of $51.58. The firm has a fifty day moving average of $48.35 and a 200 day moving average of $45.64.

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). Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, research analysts anticipate that Pembina Pipeline Corp. will post 2.2 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.735 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.94 annualized dividend and a dividend yield of 6.1%. Pembina Pipeline’s dividend payout ratio is 104.41%.

About Pembina Pipeline

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.