--- title: "Tidal Investments LLC Sells 19,085 Shares of Pembina Pipeline Co. (NYSE:PBA)" description: "Tidal Investments LLC has sold a significant portion of its holdings in Pembina Pipeline Co., according to a recent filing. Other institutional investors have also made changes to their positions in t" type: "news" locale: "en" url: "https://longbridge.com/en/news/211282226.md" published_at: "2024-08-11T08:52:44.000Z" --- # Tidal Investments LLC Sells 19,085 Shares of Pembina Pipeline Co. (NYSE:PBA) > Tidal Investments LLC has sold a significant portion of its holdings in Pembina Pipeline Co., according to a recent filing. Other institutional investors have also made changes to their positions in the company. Pembina Pipeline recently reported earnings that exceeded expectations. The company also announced a quarterly dividend. Analysts have given the stock a "hold" rating with an average target price of $54. Pembina Pipeline operates in the energy transportation and midstream services sector. Tidal Investments LLC cut its holdings in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 71.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,760 shares of the pipeline company's stock after selling 19,085 shares during the period. Tidal Investments LLC's holdings in Pembina Pipeline were worth $274,000 as of its most recent SEC filing. Get **Pembina Pipeline** alerts: Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its position in Pembina Pipeline by 4.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 32,080 shares of the pipeline company's stock valued at $1,104,000 after purchasing an additional 1,231 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Pembina Pipeline by 10.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,010 shares of the pipeline company's stock worth $413,000 after acquiring an additional 1,137 shares in the last quarter. Cerity Partners LLC lifted its holdings in Pembina Pipeline by 58.1% during the fourth quarter. Cerity Partners LLC now owns 17,240 shares of the pipeline company's stock valued at $593,000 after purchasing an additional 6,333 shares in the last quarter. Baystate Wealth Management LLC bought a new position in shares of Pembina Pipeline in the fourth quarter worth approximately $34,000. Finally, Triasima Portfolio Management inc. purchased a new stake in shares of Pembina Pipeline in the fourth quarter worth $17,285,000. Hedge funds and other institutional investors own 55.37% of the company's stock. ## Pembina Pipeline Trading Up 0.3 % Shares of PBA stock opened at $38.69 on Friday. The stock's 50-day moving average price is $37.46 and its 200-day moving average price is $36.00. Pembina Pipeline Co. has a 12-month low of $28.15 and a 12-month high of $39.04. The stock has a market capitalization of $22.44 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 5.36 and a beta of 1.25. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 0.78. Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.21. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. The business had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the prior year, the firm earned $0.45 EPS. The company's revenue for the quarter was up 30.5% on a year-over-year basis. Equities research analysts predict that Pembina Pipeline Co. will post 2.37 EPS for the current fiscal year. ## Pembina Pipeline Cuts Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.17%. Pembina Pipeline's payout ratio is currently 87.83%. ## Wall Street Analysts Forecast Growth Several research analysts recently weighed in on PBA shares. Scotiabank downgraded shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 19th. CIBC lifted their target price on Pembina Pipeline from $56.00 to $57.00 and gave the company an "outperformer" rating in a research note on Friday, April 19th. Finally, StockNews.com downgraded Pembina Pipeline from a "buy" rating to a "hold" rating in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Pembina Pipeline has an average rating of "Hold" and an average target price of $54.00. **View Our Latest Analysis on PBA** ## Pembina Pipeline Profile (Free Report) 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. ## Featured Stories - Five stocks we like better than Pembina Pipeline - What Are the FAANG Stocks and Are They Good Investments? - Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid? - EV Stocks and How to Profit from Them - MarketBeat Week in Review – 8/5 - 8/9 - Financial Services Stocks Investing - The Cannabis Sector: Profitability Takes Center Stage **Want to see what other hedge funds are holding PBA?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL. *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → Kamala Harris’ Woke Politics Could Lead to 50% Stock Collapse (From Paradigm Press) (Ad)## Should you invest $1,000 in Pembina Pipeline right now? Before you consider Pembina Pipeline, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pembina Pipeline wasn't on the list. 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