Heronetta Management buys $4.5 Million stake in Pembina Pipeline Corp (PBA)

Pembina Pipeline Corp (PBA) : Heronetta Management scooped up 8,000 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 13, 2016. The investment management firm now holds a total of 157,587 shares of Pembina Pipeline Corp which is valued at $4.5 Million.Pembina Pipeline Corp makes up approximately 2.74% of Heronetta Management’s portfolio.

Other Hedge Funds, Including , Pcj Investment Counsel Ltd. reduced its stake in PBA by selling 302,451 shares or 24.19% in the most recent quarter. The Hedge Fund company now holds 947,777 shares of PBA which is valued at $27.2 Million. Pembina Pipeline Corp makes up approx 1.65% of Pcj Investment Counsel Ltd.’s portfolio.1832 Asset Management boosted its stake in PBA in the latest quarter, The investment management firm added 1,610,362 additional shares and now holds a total of 10,924,908 shares of Pembina Pipeline Corp which is valued at $313.3 Million. Pembina Pipeline Corp makes up approx 1.24% of 1832 Asset Management’s portfolio.Norges Bank boosted its stake in PBA in the latest quarter, The investment management firm added 37,884 additional shares and now holds a total of 2,619,142 shares of Pembina Pipeline Corp which is valued at $75.1 Million. Pembina Pipeline Corp makes up approx 0.04% of Norges Bank’s portfolio. Allegis Investment Advisors sold out all of its stake in PBA during the most recent quarter. The investment firm sold 4,340 shares of PBA which is valued $124,471.Cambridge Investment Research Advisors boosted its stake in PBA in the latest quarter, The investment management firm added 127 additional shares and now holds a total of 26,330 shares of Pembina Pipeline Corp which is valued at $745,139. Pembina Pipeline Corp makes up approx 0.02% of Cambridge Investment Research Advisors’s portfolio.

Pembina Pipeline Corp opened for trading at $28.93 and hit $29.55 on the upside on Wednesday, eventually ending the session at $29.49, with a gain of 2.50% or 0.72 points. The heightened volatility saw the trading volume jump to 2,34,968 shares. Company has a market cap of $11,442 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.

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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