Pembina Pipeline Corp. $PBA Stock Holdings Decreased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 31.4% in the 2nd quarter, Holdings Channel reports. The fund owned 647,499 shares of the pipeline company’s stock after selling 295,945 shares during the period. Russell Investments Group Ltd.’s holdings in Pembina Pipeline were worth $24,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in Pembina Pipeline during the 2nd quarter worth approximately $66,000. First Horizon Advisors Inc. lifted its holdings in shares of Pembina Pipeline by 172.2% in the second quarter. First Horizon Advisors Inc. now owns 1,832 shares of the pipeline company’s stock valued at $69,000 after purchasing an additional 1,159 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Pembina Pipeline by 11.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 3,436 shares of the pipeline company’s stock worth $129,000 after buying an additional 352 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Pembina Pipeline by 8.9% in the second quarter. Farther Finance Advisors LLC now owns 3,774 shares of the pipeline company’s stock worth $142,000 after buying an additional 307 shares during the period. Finally, Ewing Morris & Co. Investment Partners Ltd. purchased a new position in shares of Pembina Pipeline during the first quarter valued at $160,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Stock Up 2.3%

PBA opened at $38.97 on Friday. The company has a market capitalization of $22.64 billion, a PE ratio of 18.30 and a beta of 0.75. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62. Pembina Pipeline Corp. has a fifty-two week low of $34.13 and a fifty-two week high of $42.40. The business has a 50-day moving average of $38.77 and a 200-day moving average of $37.91.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, November 6th. The pipeline company reported $0.31 EPS 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 return on equity of 12.27% and a net margin of 23.24%.The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. Equities research analysts forecast that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.71 per share. The ex-dividend date is Monday, December 15th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 7.3%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 101.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PBA. Wells Fargo & Company downgraded Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. Wall Street Zen lowered shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Pembina Pipeline in a report on Tuesday. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently 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.