Group One Trading LLC Buys New Shares in Pembina Pipeline Corp. $PBA

Group One Trading LLC purchased a new position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,541 shares of the pipeline company’s stock, valued at approximately $488,000.

Other large investors have also added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in Pembina Pipeline by 1.0% during the 4th quarter. Empowered Funds LLC now owns 24,449 shares of the pipeline company’s stock valued at $931,000 after purchasing an additional 248 shares during the period. Larson Financial Group LLC increased its stake in shares of Pembina Pipeline by 32.4% during the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock valued at $43,000 after buying an additional 259 shares during the period. Ethic Inc. raised its holdings in shares of Pembina Pipeline by 2.0% during the fourth quarter. Ethic Inc. now owns 14,150 shares of the pipeline company’s stock valued at $539,000 after acquiring an additional 278 shares in the last quarter. Broderick Brian C raised its holdings in shares of Pembina Pipeline by 0.9% during the first quarter. Broderick Brian C now owns 32,823 shares of the pipeline company’s stock valued at $1,469,000 after acquiring an additional 300 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in Pembina Pipeline by 3.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 9,768 shares of the pipeline company’s stock worth $372,000 after acquiring an additional 341 shares during the period. Institutional investors own 55.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Scotiabank cut shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a report on Monday, July 20th. Wall Street Zen upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research report on Friday, July 31st. Royal Bank Of Canada lifted their target price on shares of Pembina Pipeline from $64.00 to $68.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce reiterated 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Pembina Pipeline Trading Down 0.0%

NYSE PBA opened at $48.71 on Tuesday. 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 Corp. has a twelve month low of $36.20 and a twelve month high of $51.58. The firm has a market capitalization of $28.33 billion, a PE ratio of 23.88 and a beta of 0.57. The stock’s 50 day moving average is $48.45 and its 200 day moving average is $46.45.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.48 EPS for the quarter, missing the consensus estimate 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 period in the prior year, the business posted $0.65 EPS. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. Research analysts forecast that Pembina Pipeline Corp. will post 2.23 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Pembina Pipeline’s dividend payout ratio (DPR) is 102.45%.

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.