Quadrature Capital Ltd Reduces Position in Pembina Pipeline Corp. $PBA

Quadrature Capital Ltd lowered its stake in Pembina Pipeline Corp. (NYSE:PBA - Free Report) (TSE:PPL) by 95.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.

Quadrature Capital Ltd lowered its stake in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 95.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,700 shares of the pipeline company's stock after selling 296,300 shares during the period. Quadrature Capital Ltd's holdings in Pembina Pipeline were worth $514,000 at the end of the most recent quarter.

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Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in shares of Pembina Pipeline during the second quarter valued at $66,000. First Horizon Advisors Inc. lifted its position in Pembina Pipeline by 172.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,832 shares of the pipeline company's stock worth $69,000 after acquiring an additional 1,159 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Pembina Pipeline by 11.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,436 shares of the pipeline company's stock valued at $129,000 after purchasing an additional 352 shares during the last quarter. Farther Finance Advisors LLC increased its holdings 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 valued at $142,000 after purchasing an additional 307 shares during the period. Finally, Ewing Morris & Co. Investment Partners Ltd. acquired a new position in shares of Pembina Pipeline in the first quarter valued at about $160,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Raymond James Financial reaffirmed an "outperform" rating on shares of Pembina Pipeline in a report on Monday, August 11th. Wells Fargo & Company cut shares of 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 report on Monday, August 11th. Wall Street Zen cut shares of Pembina Pipeline from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Pembina Pipeline in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Pembina Pipeline presently has a consensus rating of "Moderate Buy".

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Pembina Pipeline Price Performance

NYSE:PBA opened at $38.50 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62. The company has a 50 day moving average price of $38.72 and a 200-day moving average price of $37.93. Pembina Pipeline Corp. has a 1-year low of $34.13 and a 1-year high of $42.40. The firm has a market cap of $22.37 billion, a price-to-earnings ratio of 18.07 and a beta of 0.63.

Pembina Pipeline (NYSE:PBA - Get Free Report) 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). Pembina Pipeline had a net margin of 23.24% and a return on equity of 12.27%. The firm had revenue of $911.47 million for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts forecast that Pembina Pipeline Corp. will post 2.15 EPS for the current year.

Pembina Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Monday, December 15th. Pembina Pipeline's payout ratio is currently 101.00%.

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.

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