First Republic Investment Management buys $32,238,123 stake in Pembina Pipeline Corp (PBA)

Pembina Pipeline Corp (PBA) : First Republic Investment Management scooped up 244,495 additional shares in Pembina Pipeline Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,056,295 shares of Pembina Pipeline Corp which is valued at $32,238,123.Pembina Pipeline Corp makes up approximately 0.30% of First Republic Investment Management’s portfolio.

Other Hedge Funds, Including , Caisse De Depot Et Placement Du Quebec boosted its stake in PBA in the latest quarter, The investment management firm added 541,601 additional shares and now holds a total of 7,438,068 shares of Pembina Pipeline Corp which is valued at $227,009,835. Pembina Pipeline Corp makes up approx 0.58% of Caisse De Depot Et Placement Du Quebec’s portfolio.Huntington National Bank reduced its stake in PBA by selling 700 shares or 13.56% in the most recent quarter. The Hedge Fund company now holds 4,462 shares of PBA which is valued at $126,765.Montrusco Bolton Investments boosted its stake in PBA in the latest quarter, The investment management firm added 326,830 additional shares and now holds a total of 1,652,637 shares of Pembina Pipeline Corp which is valued at $48,587,528. Pembina Pipeline Corp makes up approx 2.97% of Montrusco Bolton Investments’s portfolio.

Pembina Pipeline Corp closed down -0.22 points or -0.73% at $29.94 with 1,94,673 shares getting traded on Thursday. Post opening the session at $29.89, the shares hit an intraday low of $29.74 and an intraday high of $30.35 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Pembina Pipeline Corp reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.29. The company had revenue of $1027.00 million for the quarter, compared to analysts expectations of $1405.96 million. The company’s revenue was down -15.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Pembina Pipeline Corp. Pembina Pipeline Corp was Downgraded by National Bank Financial to ” Sector Perform” on Jul 18, 2016. Pembina Pipeline Corp was Downgraded by Credit Suisse to ” Neutral” on Jun 20, 2016.

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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