Vise Technologies Inc. Takes Position in Pembina Pipeline Corp. $PBA

Vise Technologies Inc. bought a new position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,836 shares of the pipeline company’s stock, valued at approximately $219,000.

Several other hedge funds have also modified their holdings of PBA. Vanguard Group Inc. boosted its stake in shares of Pembina Pipeline by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 25,296,456 shares of the pipeline company’s stock worth $1,011,833,000 after purchasing an additional 409,379 shares during the period. TD Asset Management Inc boosted its holdings in shares of Pembina Pipeline by 5.0% in the 2nd quarter. TD Asset Management Inc now owns 7,298,690 shares of the pipeline company’s stock valued at $273,494,000 after buying an additional 347,854 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Pembina Pipeline by 78.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company’s stock worth $283,770,000 after purchasing an additional 3,108,920 shares in the last quarter. Scotia Capital Inc. grew its stake in shares of Pembina Pipeline by 5.2% during the first quarter. Scotia Capital Inc. now owns 5,230,781 shares of the pipeline company’s stock worth $208,856,000 after acquiring an additional 260,804 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Pembina Pipeline by 136.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 3,995,460 shares of the pipeline company’s stock worth $160,681,000 after purchasing an additional 2,307,634 shares during the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company lowered shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 6th. Raymond James Financial restated an “outperform” rating on shares of Pembina Pipeline in a research report on Monday, August 11th. BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. Wall Street Zen lowered Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pembina Pipeline in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Pembina Pipeline Price Performance

PBA stock opened at $38.92 on Wednesday. Pembina Pipeline Corp. has a twelve month low of $34.13 and a twelve month high of $43.44. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $22.61 billion, a P/E ratio of 18.27 and a beta of 0.75. The business has a 50 day simple moving average of $38.92 and a 200-day simple moving average of $37.91.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, November 6th. The pipeline company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.14). The company had revenue of $911.47 million for the quarter, compared to analysts’ expectations of $1.42 billion. Pembina Pipeline had a return on equity of 12.27% and a net margin of 23.24%.Pembina Pipeline’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. As a group, equities analysts anticipate 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. Stockholders of record on Monday, December 15th will be given a $0.71 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.84 annualized dividend and a dividend yield of 7.3%. Pembina Pipeline’s dividend payout ratio is currently 101.00%.

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.