CLARET ASSET MANAGEMENT Corp raised its position in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,374 shares of the pipeline company’s stock after purchasing an additional 1,013 shares during the quarter. CLARET ASSET MANAGEMENT Corp’s holdings in Pembina Pipeline were worth $1,190,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in PBA. Phocas Financial Corp. acquired a new position in shares of Pembina Pipeline during the fourth quarter valued at approximately $28,000. Bremer Trust National Association acquired a new position in Pembina Pipeline in the fourth quarter worth approximately $32,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Pembina Pipeline in the fourth quarter worth approximately $33,000. Bruderman Asset Management LLC acquired a new position in Pembina Pipeline in the fourth quarter worth approximately $48,000. Finally, Squar Milner Financial Services LLC grew its position in Pembina Pipeline by 24.3% in the first quarter. Squar Milner Financial Services LLC now owns 1,405 shares of the pipeline company’s stock worth $51,000 after buying an additional 275 shares during the last quarter. Institutional investors own 51.88% of the company’s stock.
PBA has been the topic of several recent research reports. Scotiabank restated a “buy” rating on shares of Pembina Pipeline in a research report on Tuesday, February 5th. Macquarie restated a “buy” rating on shares of Pembina Pipeline in a research report on Tuesday, February 5th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research note on Wednesday, February 13th. Finally, Zacks Investment Research raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Pembina Pipeline has an average rating of “Buy” and an average target price of $40.00.
Pembina Pipeline stock traded down $0.11 during midday trading on Wednesday, reaching $36.39. The stock had a trading volume of 531,516 shares, compared to its average volume of 569,061. Pembina Pipeline Corp has a twelve month low of $28.30 and a twelve month high of $37.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.50 and a current ratio of 0.60. The firm has a market capitalization of $18.63 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 3.53 and a beta of 0.88.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, May 2nd. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.28 billion. Pembina Pipeline had a net margin of 16.39% and a return on equity of 10.61%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. Equities analysts forecast that Pembina Pipeline Corp will post 1.72 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.1486 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.90%. This is a positive change from Pembina Pipeline’s previous monthly dividend of $0.14. Pembina Pipeline’s dividend payout ratio (DPR) is 96.61%.
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About Pembina Pipeline
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.
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