Pembina Pipeline Corp. (NYSE:PBA) Shares Bought by Forsta AP Fonden

Forsta AP Fonden boosted its stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 237.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 453,295 shares of the pipeline company’s stock after buying an additional 319,000 shares during the period. Forsta AP Fonden owned approximately 0.11% of Pembina Pipeline Corp. worth $14,991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Jarislowsky Fraser Ltd raised its position in shares of Pembina Pipeline Corp. by 10.0% in the second quarter. Jarislowsky Fraser Ltd now owns 12,281,783 shares of the pipeline company’s stock valued at $406,177,000 after buying an additional 1,118,498 shares during the last quarter. Bank of Montreal Can raised its position in shares of Pembina Pipeline Corp. by 13.9% in the second quarter. Bank of Montreal Can now owns 12,169,430 shares of the pipeline company’s stock worth $403,051,000 after buying an additional 1,488,648 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Pembina Pipeline Corp. by 5.3% in the first quarter. Vanguard Group Inc. now owns 9,479,317 shares of the pipeline company’s stock worth $300,589,000 after buying an additional 474,863 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Pembina Pipeline Corp. by 0.8% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,687,484 shares of the pipeline company’s stock worth $274,802,000 after buying an additional 71,888 shares in the last quarter. Finally, CIBC World Markets Inc. raised its position in shares of Pembina Pipeline Corp. by 2.5% in the first quarter. CIBC World Markets Inc. now owns 6,359,487 shares of the pipeline company’s stock worth $201,659,000 after buying an additional 154,348 shares in the last quarter. 47.29% of the stock is currently owned by institutional investors.

Pembina Pipeline Corp. (NYSE PBA) traded up 0.10% during midday trading on Friday, hitting $31.41. The stock had a trading volume of 267,941 shares. The company has a 50-day moving average of $33.35 and a 200-day moving average of $32.46. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 30.79 and a beta of 0.71. Pembina Pipeline Corp. has a 1-year low of $27.44 and a 1-year high of $34.97.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.08. Pembina Pipeline Corp. had a net margin of 12.12% and a return on equity of 8.59%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. Pembina Pipeline Corp.’s revenue was up 13.5% compared to the same quarter last year. Equities research analysts forecast that Pembina Pipeline Corp. will post $1.38 EPS for the current year.

The business also recently declared a aug 17 dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.17 per share. This represents a dividend yield of 4.85%. The ex-dividend date is Wednesday, August 23rd. Pembina Pipeline Corp.’s dividend payout ratio is currently 161.86%.

TRADEMARK VIOLATION NOTICE: This report was first published by BNB Daily and is the sole property of of BNB Daily. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright and trademark law. The original version of this report can be read at https://www.baseball-news-blog.com/2017/08/19/forsta-ap-fonden-purchases-319000-shares-of-pembina-pipeline-corp-nysepba-updated-updated-updated.html.

Several brokerages recently weighed in on PBA. BidaskClub upgraded Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. AltaCorp Capital reiterated an “outperform” rating on shares of Pembina Pipeline Corp. in a research report on Wednesday, May 3rd. Finally, National Bank Financial upgraded Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Pembina Pipeline Corp. has an average rating of “Buy” and an average price target of $43.00.

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.

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

Receive News & Ratings for Pembina Pipeline Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply