Check Capital Management Inc. CA Has $229,000 Stake in Pembina Pipeline Corp. (PBA)
Check Capital Management Inc. CA held its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,900 shares of the pipeline company’s stock at the close of the 2nd quarter. Check Capital Management Inc. CA’s holdings in Pembina Pipeline Corp. were worth $229,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp raised its stake in Pembina Pipeline Corp. by 18.0% in the 1st quarter. Van ECK Associates Corp now owns 3,405 shares of the pipeline company’s stock valued at $108,000 after acquiring an additional 520 shares during the period. Envestnet Asset Management Inc. raised its stake in Pembina Pipeline Corp. by 9.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,801 shares of the pipeline company’s stock valued at $120,000 after acquiring an additional 335 shares during the period. HPM Partners LLC raised its stake in Pembina Pipeline Corp. by 213.5% in the 2nd quarter. HPM Partners LLC now owns 71,821 shares of the pipeline company’s stock valued at $177,000 after acquiring an additional 48,910 shares during the period. K.J. Harrison & Partners Inc bought a new stake in Pembina Pipeline Corp. in the 2nd quarter valued at $202,000. Finally, Cornerstone Wealth Management LLC raised its stake in Pembina Pipeline Corp. by 2.4% in the 1st quarter. Cornerstone Wealth Management LLC now owns 7,129 shares of the pipeline company’s stock valued at $228,000 after acquiring an additional 164 shares during the period. Institutional investors and hedge funds own 49.96% of the company’s stock.
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Pembina Pipeline Corp. (NYSE PBA) traded up 0.03% on Friday, reaching $34.15. The company’s stock had a trading volume of 79,938 shares. Pembina Pipeline Corp. has a 12 month low of $27.44 and a 12 month high of $34.97. The firm has a 50 day moving average of $32.71 and a 200 day moving average of $32.58. The firm has a market cap of $13.76 billion, a price-to-earnings ratio of 33.38 and a beta of 0.72.
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last issued its earnings results on Tuesday, August 1st. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.08). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.36 billion. Pembina Pipeline Corp. had a net margin of 12.12% and a return on equity of 8.60%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Analysts anticipate that Pembina Pipeline Corp. will post $1.44 earnings per share for the current year.
The company also recently announced a monthly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be paid a $0.139 dividend. The ex-dividend date is Friday, September 22nd. This is a positive change from Pembina Pipeline Corp.’s previous monthly dividend of $0.13. This represents a $1.67 annualized dividend and a dividend yield of 4.89%. Pembina Pipeline Corp.’s payout ratio is presently 168.04%.
A number of research firms recently weighed in on PBA. BidaskClub upgraded Pembina Pipeline Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded Pembina Pipeline Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Friday, July 21st. Finally, AltaCorp Capital upgraded Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $43.00.
Pembina Pipeline Corp. Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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