Pembina Pipeline Corp (PBA) : Greystone Managed Investments scooped up 2,701,760 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 9, 2016. The investment management firm now holds a total of 3,332,567 shares of Pembina Pipeline Corp which is valued at $100,176,964.Pembina Pipeline Corp makes up approximately 3.92% of Greystone Managed Investments’s portfolio.
Other Hedge Funds, Including , Somerville Kurt F reduced its stake in PBA by selling 3,925 shares or 3.93% in the most recent quarter. The Hedge Fund company now holds 95,950 shares of PBA which is valued at $2,929,354. Pembina Pipeline Corp makes up approx 0.64% of Somerville Kurt F’s portfolio.Carnegie Capital Asset Management reduced its stake in PBA by selling 3,692 shares or 11.56% in the most recent quarter. The Hedge Fund company now holds 28,258 shares of PBA which is valued at $835,024. Pembina Pipeline Corp makes up approx 0.12% of Carnegie Capital Asset Management’s portfolio.Cibc Asset Management Inc reduced its stake in PBA by selling 419,973 shares or 10.23% in the most recent quarter. The Hedge Fund company now holds 3,683,789 shares of PBA which is valued at $108,855,965. Pembina Pipeline Corp makes up approx 0.80% of Cibc Asset Management Inc’s portfolio. Nn Investment Partners Holdings N.v. added PBA to its portfolio by purchasing 2,056 company shares during the most recent quarter which is valued at $63,058.
Pembina Pipeline Corp closed down -0.03 points or -0.10% at $30.78 with 1,57,867 shares getting traded on Wednesday. Post opening the session at $30.74, the shares hit an intraday low of $30.43 and an intraday high of $30.8501 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.
Investors should note that on Aug 4, 2016, Pembina Pipeline Corp announced a cash dividend of $0.1600. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 15, 2016.
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.