Pembina Pipeline Corp (PBA) : Cumberland Partners Ltd scooped up 427,625 additional shares in Pembina Pipeline Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 1,598,725 shares of Pembina Pipeline Corp which is valued at $45,851,433.Pembina Pipeline Corp makes up approximately 6.49% of Cumberland Partners Ltd’s portfolio.
Other Hedge Funds, Including , Wfg Advisors Lp reduced its stake in PBA by selling 1,743 shares or 4.43% in the most recent quarter. The Hedge Fund company now holds 37,592 shares of PBA which is valued at $1,078,139. Pembina Pipeline Corp makes up approx 0.31% of Wfg Advisors Lp’s portfolio.Baskin Financial Services reduced its stake in PBA by selling 3,398 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 258,860 shares of PBA which is valued at $7,325,738. Pembina Pipeline Corp makes up approx 2.13% of Baskin Financial Services’s portfolio.Great West Life Assurance Co Can boosted its stake in PBA in the latest quarter, The investment management firm added 1,310,506 additional shares and now holds a total of 4,761,964 shares of Pembina Pipeline Corp which is valued at $142,811,300. Pembina Pipeline Corp makes up approx 0.51% of Great West Life Assurance Co Can’s portfolio.
Pembina Pipeline Corp opened for trading at $29.04 and hit $29.41 on the upside on Monday, eventually ending the session at $29.29, with a gain of 2.13% or 0.61 points. The heightened volatility saw the trading volume jump to 2,11,307 shares. Company has a market cap of $11,365 M.
On the company’s financial health, Pembina Pipeline Corp reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.30. The company had revenue of $1017.00 million for the quarter, compared to analysts expectations of $1362.34 million. The company’s revenue was down -11.9 % compared to the same quarter last year.
Investors should note that on May 5, 2016, Pembina Pipeline Corp announced a cash dividend of $0.1600. The company’s management has announced May 23, 2016 as the ex-dividend date and fixed the record date on May 25, 2016. The payable date has been fixed on Jun 15, 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.