Pembina Pipeline Co. (NYSE:PBA) Shares Acquired by Creative Planning

Creative Planning lifted its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,995 shares of the pipeline company’s stock after purchasing an additional 2,419 shares during the period. Creative Planning’s holdings in Pembina Pipeline were worth $3,052,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. CWM LLC boosted its holdings in shares of Pembina Pipeline by 38.7% during the 3rd quarter. CWM LLC now owns 7,874 shares of the pipeline company’s stock worth $325,000 after purchasing an additional 2,198 shares during the last quarter. SL Advisors LLC lifted its holdings in Pembina Pipeline by 3.9% in the third quarter. SL Advisors LLC now owns 26,577 shares of the pipeline company’s stock valued at $1,096,000 after acquiring an additional 987 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Pembina Pipeline by 55.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,600,000 shares of the pipeline company’s stock valued at $59,373,000 after acquiring an additional 570,000 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Pembina Pipeline by 2,256.3% in the second quarter. Clearbridge Investments LLC now owns 649,778 shares of the pipeline company’s stock valued at $24,094,000 after acquiring an additional 622,202 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Pembina Pipeline by 1.7% in the second quarter. Cetera Investment Advisers now owns 49,076 shares of the pipeline company’s stock valued at $1,820,000 after acquiring an additional 839 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PBA. Citigroup upped their price objective on Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. UBS Group began coverage on Pembina Pipeline in a report on Wednesday, September 11th. They issued a “neutral” rating on the stock. Finally, Raymond James began coverage on Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.50.

Pembina Pipeline Stock Down 0.2 %

Shares of NYSE PBA opened at $42.50 on Friday. The firm has a market cap of $24.67 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 5.97 and a beta of 1.25. The company has a quick ratio of 0.55, a current ratio of 0.68 and a debt-to-equity ratio of 0.77. Pembina Pipeline Co. has a 52-week low of $30.25 and a 52-week high of $43.44. The business’s 50 day moving average is $41.23 and its two-hundred day moving average is $38.38.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.21. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 earnings per share. Research analysts predict that Pembina Pipeline Co. will post 2.4 EPS for the current year.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend was Monday, September 16th. Pembina Pipeline’s payout ratio is 85.00%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.