176,054 Shares of Pembina Pipeline Corp. $PBA Acquired by Columbus Macro LLC

Columbus Macro LLC bought a new position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the third quarter, Holdings Channel reports. The firm bought 176,054 shares of the pipeline company’s stock, valued at approximately $7,848,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Diversified Management Inc. acquired a new position in Pembina Pipeline during the 3rd quarter valued at about $779,000. Versant Capital Management Inc raised its stake in shares of Pembina Pipeline by 23.6% in the third quarter. Versant Capital Management Inc now owns 2,187 shares of the pipeline company’s stock worth $97,000 after purchasing an additional 418 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Pembina Pipeline by 5.8% in the second quarter. Tidal Investments LLC now owns 38,858 shares of the pipeline company’s stock worth $1,797,000 after purchasing an additional 2,145 shares during the last quarter. M.E. Allison & CO. Inc. raised its stake in shares of Pembina Pipeline by 4.9% in the second quarter. M.E. Allison & CO. Inc. now owns 7,815 shares of the pipeline company’s stock worth $361,000 after purchasing an additional 365 shares during the last quarter. Finally, Cidel Asset Management Inc. lifted its holdings in shares of Pembina Pipeline by 22.0% in the second quarter. Cidel Asset Management Inc. now owns 307,057 shares of the pipeline company’s stock valued at $14,202,000 after purchasing an additional 55,401 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Stock Down 0.2%

Pembina Pipeline stock traded down $0.08 during midday trading on Wednesday, hitting $48.52. 761,939 shares of the stock were exchanged, compared to its average volume of 1,259,077. Pembina Pipeline Corp. has a 52-week low of $36.20 and a 52-week high of $51.58. The stock has a market capitalization of $28.22 billion, a price-to-earnings ratio of 23.78 and a beta of 0.62. The business’s 50-day moving average price is $47.60 and its 200-day moving average price is $47.25. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 0.78.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm 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 period in the previous year, the company posted $0.65 earnings per share. On average, research analysts expect that Pembina Pipeline Corp. will post 2.20 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were paid a C$0.73 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Tuesday, September 15th. Pembina Pipeline’s payout ratio is presently 103.92%.

Analyst Ratings Changes

Several research analysts recently issued reports on PBA shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research report on Wednesday. Weiss Ratings upgraded Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, October 6th. TD Securities reissued a “buy” rating on shares of Pembina Pipeline in a research report on Thursday, July 16th. Scotiabank cut Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, July 20th. Finally, Wall Street Zen upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Pembina Pipeline Profile

Pembina Pipeline Corporation is a Canadian energy infrastructure company that provides transportation and midstream services for the oil, natural gas and natural gas liquids industries. Its operations are focused primarily on Western Canada, where it connects hydrocarbon-producing regions with processing facilities, storage sites, refineries, petrochemical markets and export channels.

The company owns and operates an extensive network of pipelines and related infrastructure. Its services include hydrocarbon gathering and transportation, natural gas processing, fractionation and storage of natural gas liquids, terminalling and rail services.