Pembina Pipeline Corp (PBA) Stake Cut by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. cut its stake in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,627 shares of the pipeline company’s stock after selling 588 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Pembina Pipeline Corp were worth $654,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PBA. FMR LLC increased its position in shares of Pembina Pipeline Corp by 10.1% in the fourth quarter. FMR LLC now owns 1,887,340 shares of the pipeline company’s stock valued at $58,982,000 after buying an additional 173,810 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Pembina Pipeline Corp by 4.0% in the fourth quarter. Franklin Resources Inc. now owns 38,113 shares of the pipeline company’s stock valued at $1,191,000 after buying an additional 1,450 shares in the last quarter. Spark Investment Management LLC increased its position in shares of Pembina Pipeline Corp by 300.0% in the third quarter. Spark Investment Management LLC now owns 208,000 shares of the pipeline company’s stock valued at $6,335,000 after buying an additional 156,000 shares in the last quarter. State of Wisconsin Investment Board increased its position in shares of Pembina Pipeline Corp by 0.7% in the third quarter. State of Wisconsin Investment Board now owns 402,214 shares of the pipeline company’s stock valued at $12,235,000 after buying an additional 2,970 shares in the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of Pembina Pipeline Corp by 9.0% in the first quarter. Capstone Asset Management Co. now owns 272,635 shares of the pipeline company’s stock valued at $8,645,000 after buying an additional 22,408 shares in the last quarter. 46.14% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Pembina Pipeline Corp (NYSE:PBA)

Pembina Pipeline Corp (NYSE:PBA) traded up 3.26% on Friday, hitting $32.58. 369,855 shares of the company’s stock traded hands. The stock has a market cap of $13.06 billion, a PE ratio of 34.92 and a beta of 0.72. Pembina Pipeline Corp has a one year low of $27.44 and a one year high of $33.52. The stock has a 50-day moving average of $32.22 and a 200-day moving average of $31.34.

Pembina Pipeline Corp (NYSE:PBA) last posted its quarterly earnings results on Thursday, February 23rd. The pipeline company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.02 billion. Pembina Pipeline Corp had a net margin of 10.94% and a return on equity of 6.96%. Pembina Pipeline Corp’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. On average, equities analysts forecast that Pembina Pipeline Corp will post $1.33 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, May 25th will be given a dividend of $0.124 per share. The ex-dividend date is Tuesday, May 23rd. This is a positive change from Pembina Pipeline Corp’s previous monthly dividend of $0.12. This represents a $1.49 dividend on an annualized basis and a yield of 4.72%. Pembina Pipeline Corp’s payout ratio is presently 181.01%.

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Several research analysts recently weighed in on PBA shares. Zacks Investment Research downgraded shares of Pembina Pipeline Corp from a “hold” rating to a “sell” rating in a report on Wednesday, March 1st. Desjardins downgraded shares of Pembina Pipeline Corp from a “top pick” rating to a “buy” rating in a report on Monday, February 27th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Pembina Pipeline Corp in a report on Wednesday, May 3rd. Finally, National Bank Financial raised shares of Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a report on Tuesday, May 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $42.75.

About Pembina Pipeline Corp

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.

12 Month Chart for NYSE:PBA

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