PNC Financial Services Group Inc. Has $2.21 Million Position in Pembina Pipeline Corp (PBA)

PNC Financial Services Group Inc. cut its holdings in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 10.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 74,320 shares of the pipeline company’s stock after selling 9,133 shares during the period. PNC Financial Services Group Inc.’s holdings in Pembina Pipeline were worth $2,205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cigna Investments Inc. New boosted its holdings in Pembina Pipeline by 7.4% in the 4th quarter. Cigna Investments Inc. New now owns 7,315 shares of the pipeline company’s stock worth $217,000 after buying an additional 506 shares during the period. Ingalls & Snyder LLC boosted its holdings in Pembina Pipeline by 1.0% in the 4th quarter. Ingalls & Snyder LLC now owns 66,423 shares of the pipeline company’s stock valued at $1,971,000 after purchasing an additional 675 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in Pembina Pipeline in the 4th quarter valued at $33,000. Creative Planning boosted its holdings in Pembina Pipeline by 3.4% in the 4th quarter. Creative Planning now owns 45,580 shares of the pipeline company’s stock valued at $1,352,000 after purchasing an additional 1,502 shares during the period. Finally, Brasada Capital Management LP boosted its holdings in Pembina Pipeline by 61.8% in the 4th quarter. Brasada Capital Management LP now owns 4,240 shares of the pipeline company’s stock valued at $126,000 after purchasing an additional 1,620 shares during the period. 49.78% of the stock is owned by institutional investors.

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PBA has been the subject of several analyst reports. Scotiabank reissued a “buy” rating on shares of Pembina Pipeline in a report on Tuesday, February 5th. Macquarie reissued a “buy” rating on shares of Pembina Pipeline in a report on Tuesday, February 5th. Credit Suisse Group raised shares of Pembina Pipeline from a “neutral” rating to an “outperform” rating in a report on Friday, November 16th. AltaCorp Capital reissued an “outperform” rating on shares of Pembina Pipeline in a report on Wednesday, February 13th. Finally, Zacks Investment Research raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Pembina Pipeline currently has a consensus rating of “Buy” and a consensus price target of $40.00.

Shares of Pembina Pipeline stock opened at $36.55 on Friday. The firm has a market capitalization of $18.76 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 2.96 and a beta of 0.92. Pembina Pipeline Corp has a 12-month low of $28.30 and a 12-month high of $37.19. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.51 and a current ratio of 0.70.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, February 21st. The pipeline company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.18. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.93 billion. Pembina Pipeline had a net margin of 16.90% and a return on equity of 10.93%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. Research analysts expect that Pembina Pipeline Corp will post 2.01 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, March 25th will be issued a $0.1429 dividend. This represents a $1.71 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date is Friday, March 22nd. Pembina Pipeline’s dividend payout ratio (DPR) is presently 94.35%.

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Pembina Pipeline Company 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 company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.

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