First Trust Advisors LP Has $46.82 Million Stake in Pembina Pipeline Corp. $PBA

First Trust Advisors LP raised its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 411.1% during the second quarter, Holdings Channel reports. The institutional investor owned 1,247,976 shares of the pipeline company’s stock after buying an additional 1,003,819 shares during the quarter. First Trust Advisors LP’s holdings in Pembina Pipeline were worth $46,820,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC bought a new stake in shares of Pembina Pipeline during the second quarter worth approximately $66,000. First Horizon Advisors Inc. grew its holdings in Pembina Pipeline by 172.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,832 shares of the pipeline company’s stock worth $69,000 after acquiring an additional 1,159 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Pembina Pipeline by 11.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,436 shares of the pipeline company’s stock valued at $129,000 after acquiring an additional 352 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Pembina Pipeline by 8.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,774 shares of the pipeline company’s stock valued at $142,000 after purchasing an additional 307 shares during the period. Finally, Ewing Morris & Co. Investment Partners Ltd. acquired a new position in shares of Pembina Pipeline in the 1st quarter valued at $160,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. BMO Capital Markets restated an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Pembina Pipeline in a research note on Monday, December 1st. Finally, Raymond James Financial restated an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Pembina Pipeline presently has an average rating of “Moderate Buy”.

Pembina Pipeline Stock Up 0.1%

Shares of PBA stock opened at $39.60 on Tuesday. The firm’s fifty day moving average price is $38.64 and its two-hundred day moving average price is $37.99. The company has a current ratio of 0.53, a quick ratio of 0.41 and a debt-to-equity ratio of 0.77. Pembina Pipeline Corp. has a 1 year low of $34.13 and a 1 year high of $42.40. The firm has a market capitalization of $23.01 billion, a P/E ratio of 19.80 and a beta of 0.63.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, November 6th. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.14). The company had revenue of $911.47 million during the quarter, compared to analyst estimates of $1.42 billion. Pembina Pipeline had a net margin of 22.17% and a return on equity of 11.59%. Pembina Pipeline’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. On average, equities analysts predict that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.84 annualized dividend and a yield of 7.2%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 103.50%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.