Pembina Pipeline (NYSE:PBA) Sees Unusually-High Trading Volume

Pembina Pipeline Co. (NYSE:PBAGet Rating) (TSE:PPL) saw an uptick in trading volume on Friday . 34,191 shares were traded during mid-day trading, a decline of 96% from the previous session’s volume of 780,568 shares.The stock last traded at $31.77 and had previously closed at $33.51.

Pembina Pipeline Stock Performance

The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.20 and a current ratio of 1.28. The stock’s 50-day simple moving average is $36.35 and its 200 day simple moving average is $37.30. The company has a market capitalization of $17.34 billion, a PE ratio of 15.44, a P/E/G ratio of 5.00 and a beta of 1.24.

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) last issued its quarterly earnings data on Thursday, August 4th. The pipeline company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.22. Pembina Pipeline had a net margin of 14.15% and a return on equity of 12.70%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the firm posted $0.32 EPS. Pembina Pipeline’s revenue for the quarter was up 62.7% on a year-over-year basis. As a group, research analysts expect that Pembina Pipeline Co. will post 2.29 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 23rd will be given a dividend of $0.166 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $1.99 dividend on an annualized basis and a yield of 6.37%. This is a boost from Pembina Pipeline’s previous monthly dividend of $0.16. Pembina Pipeline’s payout ratio is presently 100.00%.

Institutional Investors Weigh In On Pembina Pipeline

Hedge funds and other institutional investors have recently modified their holdings of the company. Cyrus J. Lawrence LLC acquired a new position in Pembina Pipeline during the first quarter valued at approximately $31,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Pembina Pipeline during the first quarter valued at approximately $35,000. Tobam acquired a new position in Pembina Pipeline during the first quarter valued at approximately $35,000. Bogart Wealth LLC acquired a new position in Pembina Pipeline during the first quarter valued at approximately $45,000. Finally, Cambridge Trust Co. acquired a new position in shares of Pembina Pipeline during the first quarter worth $58,000. 54.92% of the stock is currently owned by hedge funds and other institutional investors.

About Pembina Pipeline

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Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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.

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