A. D. Beadell Investment Counsel Lowers stake in Pembina Pipeline Corp (PBA)

Pembina Pipeline Corp (PBA) : A. D. Beadell Investment Counsel reduced its stake in Pembina Pipeline Corp by 0.95% during the most recent quarter end. The investment management company now holds a total of 107,851 shares of Pembina Pipeline Corp which is valued at $3,207,489 after selling 1,037 shares in Pembina Pipeline Corp , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Pembina Pipeline Corp makes up approximately 2.91% of A. D. Beadell Investment Counsel’s portfolio.

Pembina Pipeline Corp opened for trading at $29.72 and hit $30.15 on the upside on Friday, eventually ending the session at $29.74, with a gain of 0.54% or 0.16 points. The heightened volatility saw the trading volume jump to 4,95,898 shares. Company has a market cap of $11,105 M.

Other Hedge Funds, Including , Montrusco Bolton Investments reduced its stake in PBA by selling 180,110 shares or 11.96% in the most recent quarter. The Hedge Fund company now holds 1,325,807 shares of PBA which is valued at $39,429,500. Pembina Pipeline Corp makes up approx 3.09% of Montrusco Bolton Investments’s portfolio. Cwm sold out all of its stake in PBA during the most recent quarter. The investment firm sold 420 shares of PBA which is valued $12,491.Carnegie Capital Asset Management reduced its stake in PBA by selling 949 shares or 2.88% in the most recent quarter. The Hedge Fund company now holds 31,950 shares of PBA which is valued at $883,418. Pembina Pipeline Corp makes up approx 0.13% of Carnegie Capital Asset Management’s portfolio.Capstone Asset Management Co boosted its stake in PBA in the latest quarter, The investment management firm added 496 additional shares and now holds a total of 247,492 shares of Pembina Pipeline Corp which is valued at $6,843,154. Pembina Pipeline Corp makes up approx 0.19% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Pembina Pipeline Corp reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.31. The company had revenue of $1242.00 million for the quarter, compared to analysts expectations of $1325.59 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Pembina Pipeline Corporation (Pembina) is an energy transportation and service provider. The Company operates through four segments: Conventional Pipelines Oil Sands & Heavy Oil Gas Services and Midstream. Conventional Pipelines 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. Oil Sands & Heavy Oil consists of the Syncrude Horizon Nipisi and Mitsue Pipelines and the Cheecham Lateral. Gas Services consists of natural gas gathering and processing facilities including approximately 7 gas plants approximately 12 compressor stations and over 375 kilometres of gathering systems. Midstream consists of the Company’s interests in extraction and fractionation facilities terminalling and storage hub services.

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