Pembina Pipeline (NYSE:PBA) Announces Earnings Results

Pembina Pipeline (NYSE:PBA) (TSE:PPL) announced its quarterly earnings data on Thursday. The pipeline company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01), Zacks reports. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The company’s revenue was up 20.1% compared to the same quarter last year.

Pembina Pipeline Stock Down 3.3%

NYSE:PBA traded down $1.68 during trading hours on Friday, reaching $48.75. The company’s stock had a trading volume of 777,215 shares, compared to its average volume of 1,337,460. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 0.68. The company has a market cap of $28.35 billion, a price-to-earnings ratio of 25.39 and a beta of 0.57. Pembina Pipeline has a one year low of $35.45 and a one year high of $51.58. The business’s 50-day moving average is $48.39 and its 200-day moving average is $45.41.

Pembina Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a $0.735 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.94 dividend on an annualized basis and a yield of 6.0%. Pembina Pipeline’s dividend payout ratio is currently 110.94%.

Institutional Trading of Pembina Pipeline

A number of institutional investors and hedge funds have recently made changes to their positions in PBA. Beacon Pointe Advisors LLC acquired a new position in shares of Pembina Pipeline during the 4th quarter valued at about $314,000. NewEdge Advisors LLC lifted its holdings in Pembina Pipeline by 30.0% in the 4th quarter. NewEdge Advisors LLC now owns 12,669 shares of the pipeline company’s stock worth $482,000 after purchasing an additional 2,920 shares during the last quarter. Empowered Funds LLC lifted its holdings in Pembina Pipeline by 1.0% in the 4th quarter. Empowered Funds LLC now owns 24,449 shares of the pipeline company’s stock worth $931,000 after purchasing an additional 248 shares during the last quarter. SummitTX Capital L.P. boosted its position in Pembina Pipeline by 45.1% during the fourth quarter. SummitTX Capital L.P. now owns 15,061 shares of the pipeline company’s stock worth $573,000 after purchasing an additional 4,679 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Pembina Pipeline during the fourth quarter worth approximately $14,545,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada upped their target price on Pembina Pipeline from $64.00 to $68.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Scotiabank downgraded shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, July 20th. Wall Street Zen raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Barclays reaffirmed an “overweight” rating on shares of Pembina Pipeline in a research note on Thursday, May 21st. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Pembina Pipeline in a research report on Friday, July 3rd. Six research 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 MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.00.

Pembina Pipeline Company 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.