Notis McConarty Edward Increases Holdings in Pembina Pipeline Corp (PBA)
Notis McConarty Edward boosted its position in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 45.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,800 shares of the pipeline company’s stock after purchasing an additional 8,400 shares during the period. Notis McConarty Edward’s holdings in Pembina Pipeline were worth $970,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. HighTower Advisors LLC boosted its position in Pembina Pipeline by 7.5% in the second quarter. HighTower Advisors LLC now owns 8,313 shares of the pipeline company’s stock worth $276,000 after purchasing an additional 583 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Pembina Pipeline by 5.4% during the 2nd quarter. Stifel Financial Corp now owns 17,661 shares of the pipeline company’s stock valued at $584,000 after buying an additional 909 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Pembina Pipeline by 8.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 18,257 shares of the pipeline company’s stock valued at $605,000 after buying an additional 1,418 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Pembina Pipeline by 6.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 35,679 shares of the pipeline company’s stock valued at $1,253,000 after buying an additional 2,136 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in shares of Pembina Pipeline by 0.6% during the 4th quarter. APG Asset Management N.V. now owns 523,835 shares of the pipeline company’s stock valued at $15,846,000 after buying an additional 3,100 shares in the last quarter. 42.63% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on PBA. Zacks Investment Research raised Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Macquarie cut Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $39.00.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, November 2nd. The pipeline company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.08). Pembina Pipeline had a net margin of 11.66% and a return on equity of 8.36%. The company had revenue of $830.09 million for the quarter, compared to analysts’ expectations of $930.29 million. sell-side analysts predict that Pembina Pipeline Corp will post 1.19 earnings per share for the current year.
The firm also recently announced a jan 18 dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, January 25th will be paid a dividend of $0.18 per share. This represents a yield of 4.93%. The ex-dividend date of this dividend is Wednesday, January 24th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 175.76%.
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About Pembina Pipeline
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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