Entropy Technologies LP Buys Shares of 13,974 Pembina Pipeline Corp. $PBA

Entropy Technologies LP bought a new stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,974 shares of the pipeline company’s stock, valued at approximately $625,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tobam acquired a new position in Pembina Pipeline during the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd bought a new position in Pembina Pipeline during the 3rd quarter worth $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Pembina Pipeline in the fourth quarter worth $36,000. Larson Financial Group LLC increased its position in Pembina Pipeline by 32.4% in the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after buying an additional 259 shares during the period. Finally, Fulcrum Asset Management LLP bought a new stake in Pembina Pipeline in the third quarter valued at $46,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

Shares of NYSE PBA opened at $50.43 on Thursday. Pembina Pipeline Corp. has a fifty-two week low of $35.45 and a fifty-two week high of $51.58. The firm’s 50-day simple moving average is $48.37 and its 200 day simple moving average is $45.32. The company has a quick ratio of 0.68, a current ratio of 0.83 and a debt-to-equity ratio of 0.84. The stock has a market cap of $29.33 billion, a P/E ratio of 26.27 and a beta of 0.57.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, May 7th. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. Pembina Pipeline had a net margin of 22.22% and a return on equity of 11.47%. Pembina Pipeline’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. Equities analysts expect that Pembina Pipeline Corp. will post 2.2 EPS for the current year.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.735 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.71. This represents a $2.94 annualized dividend and a yield of 5.8%. Pembina Pipeline’s dividend payout ratio is presently 110.94%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PBA. Royal Bank Of Canada boosted their price target on shares of Pembina Pipeline from $64.00 to $68.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Weiss Ratings raised shares of Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Pembina Pipeline in a research report on Friday, July 3rd. Barclays reissued an “overweight” rating on shares of Pembina Pipeline in a research note on Thursday, May 21st. Finally, Scotiabank cut shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, July 20th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $64.00.

About Pembina Pipeline

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.