Quantinno Capital Management LP Buys 15,935 Shares of Pembina Pipeline Corp. $PBA

Quantinno Capital Management LP lifted its stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 12.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 147,404 shares of the pipeline company’s stock after purchasing an additional 15,935 shares during the quarter. Quantinno Capital Management LP’s holdings in Pembina Pipeline were worth $6,598,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Tobam purchased a new stake in Pembina Pipeline during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd purchased a new position in Pembina Pipeline during the third quarter worth $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Pembina Pipeline during the fourth quarter worth $36,000. Larson Financial Group LLC increased its position in Pembina Pipeline by 32.4% during the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock valued at $43,000 after acquiring an additional 259 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Pembina Pipeline by 74.8% during the fourth quarter. IFP Advisors Inc now owns 1,199 shares of the pipeline company’s stock valued at $46,000 after acquiring an additional 513 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Down 2.5%

NYSE:PBA opened at $47.17 on Thursday. The company has a market cap of $27.43 billion, a price-to-earnings ratio of 23.12 and a beta of 0.57. Pembina Pipeline Corp. has a twelve month low of $35.45 and a twelve month high of $51.58. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $48.34 and a 200-day simple moving average of $45.70.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.46 billion. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%.The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. Analysts anticipate that Pembina Pipeline Corp. will post 2.2 EPS for the current year.

Pembina Pipeline Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be paid a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Tuesday, September 15th. Pembina Pipeline’s dividend payout ratio is currently 104.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PBA shares. Royal Bank Of Canada raised their target price on shares of Pembina Pipeline from $64.00 to $68.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Barclays reissued an “overweight” rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. Weiss Ratings raised shares of Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. BMO Capital Markets restated a “market perform” rating on shares of Pembina Pipeline in a research report on Friday, July 31st. Finally, Wall Street Zen raised Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Pembina Pipeline Profile

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.