Raymond James Trust N.A. Sells 716 Shares of Pembina Pipeline Corp (PBA)

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Raymond James Trust N.A. trimmed its position in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,526 shares of the pipeline company’s stock after selling 716 shares during the period. Raymond James Trust N.A.’s holdings in Pembina Pipeline were worth $350,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Pembina Pipeline by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 14,371,204 shares of the pipeline company’s stock valued at $488,477,000 after purchasing an additional 318,655 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Pembina Pipeline by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 14,371,204 shares of the pipeline company’s stock valued at $488,477,000 after acquiring an additional 318,655 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of Pembina Pipeline by 8.2% during the 4th quarter. 1832 Asset Management L.P. now owns 11,731,502 shares of the pipeline company’s stock valued at $348,415,000 after acquiring an additional 887,483 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in shares of Pembina Pipeline by 5.5% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 6,192,403 shares of the pipeline company’s stock valued at $210,417,000 after acquiring an additional 321,250 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Pembina Pipeline by 11.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,754,940 shares of the pipeline company’s stock valued at $141,033,000 after acquiring an additional 496,842 shares during the last quarter. Institutional investors own 51.88% of the company’s stock.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Macquarie reaffirmed a “buy” rating on shares of Pembina Pipeline in a research note on Tuesday, February 5th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research note on Wednesday, February 13th. Finally, Scotiabank reaffirmed a “buy” rating on shares of Pembina Pipeline in a research note on Tuesday, February 5th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Pembina Pipeline presently has an average rating of “Buy” and an average target price of $40.00.

NYSE PBA opened at $37.32 on Friday. Pembina Pipeline Corp has a 12 month low of $28.30 and a 12 month high of $37.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.68 and a quick ratio of 0.55. The stock has a market cap of $18.99 billion, a PE ratio of 21.08, a P/E/G ratio of 3.11 and a beta of 0.91.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, February 21st. The pipeline company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.18. Pembina Pipeline had a net margin of 16.90% and a return on equity of 10.86%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts expect that Pembina Pipeline Corp will post 2 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 25th will be given a dividend of $0.142 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Wednesday, April 24th. This is an increase from Pembina Pipeline’s previous monthly dividend of $0.13. Pembina Pipeline’s dividend payout ratio is 97.74%.

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Pembina Pipeline Profile

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

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