Pembina Pipeline Corp. $PBA Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC grew its holdings in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 2.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 60,842 shares of the pipeline company’s stock after buying an additional 1,608 shares during the period. Metis Global Partners LLC’s holdings in Pembina Pipeline were worth $2,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PBA. Cetera Investment Advisers raised its position in Pembina Pipeline by 6.2% in the first quarter. Cetera Investment Advisers now owns 48,289 shares of the pipeline company’s stock worth $1,933,000 after acquiring an additional 2,834 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Pembina Pipeline by 78.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company’s stock valued at $283,770,000 after purchasing an additional 3,108,920 shares during the period. Tectonic Advisors LLC boosted its holdings in Pembina Pipeline by 64.6% during the second quarter. Tectonic Advisors LLC now owns 26,479 shares of the pipeline company’s stock worth $993,000 after buying an additional 10,390 shares in the last quarter. Westwood Holdings Group Inc. grew its position in Pembina Pipeline by 25.2% during the first quarter. Westwood Holdings Group Inc. now owns 1,428,833 shares of the pipeline company’s stock worth $57,196,000 after buying an additional 288,003 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Pembina Pipeline by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,571,245 shares of the pipeline company’s stock valued at $62,839,000 after buying an additional 25,265 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

NYSE:PBA opened at $37.12 on Monday. Pembina Pipeline Corp. has a 12-month low of $34.13 and a 12-month high of $43.44. The firm has a market cap of $21.57 billion, a price-to-earnings ratio of 17.43 and a beta of 0.75. The company’s 50-day moving average is $38.88 and its two-hundred day moving average is $37.93. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, November 6th. The pipeline company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.14). The firm had revenue of $911.47 million during the quarter, compared to analyst estimates of $1.42 billion. Pembina Pipeline had a net margin of 23.24% and a return on equity of 12.27%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. Research analysts expect that Pembina Pipeline Corp. will post 2.15 EPS for the current year.

Pembina Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.71 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.84 annualized dividend and a yield of 7.7%. Pembina Pipeline’s payout ratio is 103.00%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group lowered Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. Wells Fargo & Company lowered shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pembina Pipeline in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Pembina Pipeline presently has an average rating of “Moderate Buy”.

About Pembina Pipeline

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.