Pembina Pipeline Corp (PBA) : Montrusco Bolton Investments scooped up 326,830 additional shares in Pembina Pipeline Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm 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 approximately 2.97% of Montrusco Bolton Investments’s portfolio.
Other Hedge Funds, Including , Capital Investment Advisors reduced its stake in PBA by selling 1,466 shares or 2.29% in the most recent quarter. The Hedge Fund company now holds 62,476 shares of PBA which is valued at $1,836,794. Pembina Pipeline Corp makes up approx 0.17% of Capital Investment Advisors’s portfolio.
Pembina Pipeline Corp opened for trading at $29.66 and hit $30.19 on the upside on Wednesday, eventually ending the session at $29.92, with a gain of 0.50% or 0.15 points. The heightened volatility saw the trading volume jump to 2,54,157 shares. Company has a market cap of $11,609 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.
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.