Quantbot Technologies LP Purchases Shares of 70,588 Pembina Pipeline Corp. $PBA

Quantbot Technologies LP purchased a new position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 70,588 shares of the pipeline company’s stock, valued at approximately $3,265,000.

A number of other large investors have also modified their holdings of the business. Korea Investment CORP acquired a new position in shares of Pembina Pipeline during the second quarter valued at about $6,857,000. EP Wealth Advisors LLC acquired a new stake in Pembina Pipeline in the 2nd quarter worth approximately $319,000. Bard Associates Inc. acquired a new stake in Pembina Pipeline in the 2nd quarter worth approximately $674,000. Allworth Financial LP purchased a new stake in Pembina Pipeline during the 2nd quarter worth approximately $199,000. Finally, Kayne Anderson Capital Advisors LP purchased a new stake in Pembina Pipeline during the 2nd quarter worth approximately $97,704,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Down 0.0%

PBA stock opened at $48.72 on Monday. The firm’s fifty day simple moving average is $48.43 and its 200-day simple moving average is $46.40. The company has a market capitalization of $28.33 billion, a P/E ratio of 23.88 and a beta of 0.57. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.62 and a quick ratio of 0.50. Pembina Pipeline Corp. has a 12 month low of $36.20 and a 12 month high of $51.58.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) 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 business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, equities research analysts forecast that Pembina Pipeline Corp. will post 2.23 earnings per share for the current year.

Pembina Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.735 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.0%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 104.41%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PBA shares. Scotiabank cut shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a report on Monday, July 20th. Barclays reissued an “overweight” rating on shares of Pembina Pipeline in a report on Thursday, May 21st. Wall Street Zen raised Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Royal Bank Of Canada raised their target price on Pembina Pipeline from $64.00 to $68.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research report on Friday, July 3rd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline currently has an average rating of “Moderate Buy” and an average target price of $64.00.

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.