CIBC Asset Management Inc. decreased the number of shares of Pembina Pipeline Co. (NYSE: PBA) (TSE: PPL) that it held in its portfolio during the third quarter, as stated in the most recent 13F filing that the company made with the SEC. The institutional investor now has 6,875,059 shares of the pipeline company’s stock in possession after selling 633,958 shares of the company’s stock during the quarter. The most recent document that CIBC Asset Management Inc. submitted to the SEC revealed that the company owned 1.25% of Pembina Pipeline, which at the time had a value of $209,724,000.
Several other significant investors have recently made adjustments to the positions they hold in PBA. During the third quarter, Pembina Pipeline received a financial investment of $41,000 from EdgeRock Capital LLC. This investment came from EdgeRock Capital LLC. Pembina Pipeline received a $77,000 investment from Venture Visionary Partners LLC during the second quarter, which was used to purchase a stake in the company. During the third quarter of the fiscal year, Tobam saw a 232.9% increase in the percentage of ownership it held in the Pembina Pipeline. Tobam has increased its total number of shares held by the company to 3,106 by purchasing an additional 2,173 shares over the past three months, bringing the total value of these shares to $95,000. SeaCrest Wealth Management LLC increased its investment in Pembina Pipeline by purchasing an additional 104,000 shares during the second quarter, bringing the company’s total investment to 204,000. M&R Capital Management Inc. increased its holdings in Pembina Pipeline by 23.9% during the third quarter, bringing the total number of shares it owns in the company to 1. Because of the purchase of an additional 680 shares during the most recent fiscal quarter, M&R Capital Management Inc. now holds 3,530 shares of the pipeline company’s stock, with a combined value of $107,000. These 3,530 shares were acquired due to the most recent fiscal quarter. The current ownership of the company’s stock is held by hedge funds and other institutional investors, who collectively account for 55.08% of the total.
In recent times, various brokerage companies have shown interest in PBA due to the company’s strong performance. In a research note published on October 20, Scotiabank stated that it intends to reduce its price target for the Pembina Pipeline from C$55.00 to C$50.00. In a research report released on Monday, September 26, by Industrial Alliance Securities, it was stated that the rating for Pembina Pipeline had been raised to a higher level. The previous ” hold ” recommendation has been changed to “buy.” Pembina Pipeline was given an “overweight” rating by Wells Fargo & Company in a research report that was published on Friday, December 15, 2018. Previously, the company had been given an “equal weight” rating. The price objective that National Bank Financial has set for the Pembina Pipeline has increased from $45.00 to $46.00 due to a research study that was made public on November 7. The Street raised Pembina Pipeline’s grade from its previous designation of “c+” to “b-,” announced in a research report made available to the public on Thursday, November 17. There have been seven analysts who have suggested that investors acquire the stock, while there has been only one analyst who has suggested that investors keep their existing holdings of the stock. The consensus on Pembina Pipeline is that it is a “Moderate Buy,” and the consensus view regarding its price objective is that it should be $52.29. This information was gleaned from Bloomberg.com.
After a rise of $0.24 during the lunch hour on Friday, the price of a share of PBA stock reached $36.15. There were a total of 6,602 shares traded, which is significantly lower than the company’s daily volume average of 497,002 shares. Pembina Pipeline Co. hit its all-time low of $29.54 during the company’s 52-week period, while it reached its all-time high of $42.74 during the same period. A debt-to-equity ratio of 0.69, a quick ratio of 0.57, a current ratio of 0.69, and a quick ratio of 0.57 are all present. Its price-to-earnings ratio is 9.65, its PEG ratio is 5.57, and its respective PEG ratio is 1.25. The company’s market value is $19.89 billion. The company’s 50-day simple moving average and its 200-day simple moving average are currently sitting at $34.64 and $34.63, respectively.
On November 3, 2018, Pembina Pipeline (NYSE: PBA) (TSE: PPL) shared the results of its most recent quarterly financial report with the investing community. The pipeline company reported earnings per share for the quarter of $1.27, which was $0.79 higher than the consensus estimate of $0.48 among industry analysts. Pembina Pipeline Company reported a return on equity of 15.07% and a net margin of 23.90% for the study period. The sum of $2.13 billion was recorded as the company’s total revenue during the period in question. The analysts who follow the market anticipate that Pembina Pipeline Company will bring in revenue of $4.17 per share throughout the fiscal year.
In addition, the business just recently announced and paid out a monthly dividend; this dividend was paid out on December 30. On Thursday, December 15, $0.1614 dividend payments per share were made to shareholders recognized in the company’s books as owning the business. As of December 14, it was considered that this dividend had been paid out in its entirety. This equates to a dividend payment of 1.94 dollars per year and a yield of 5.36 percent on the investment. The monthly dividend paid by Pembina Pipeline had been $0.16 in the past; consequently, this amount represents an increase from that amount. Pembina Pipeline’s dividend payout ratio (also known as DPR) currently stands at 52.42%.
Pembina Pipeline Corporation offers a wide range of services to the petroleum industry, including transportation and midstream operations. Pipelines, facilities, marketing, and new ventures are the components that comprise each of the company’s three operational divisions. Transmission assets are included in the scope of operations for the Pipelines business segment, which also owns and operates conventional, oil sands, and heavy oil pipelines. This division services markets and basins throughout North America with a daily transportation capacity of 3.1 million barrels of oil equivalent, a daily ground storage capacity of 11 million barrels, and an approximate 105 thousand barrels of oil equivalent daily rail terminaling capacity.