Gold Investment Management Ltd. Purchases 439 Shares of Pembina Pipeline Co. (NYSE:PBA)

Gold Investment Management Ltd. raised its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 4.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,001 shares of the pipeline company’s stock after buying an additional 439 shares during the quarter. Gold Investment Management Ltd.’s holdings in Pembina Pipeline were worth $453,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PBA. Janney Montgomery Scott LLC grew its position in shares of Pembina Pipeline by 6.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,475 shares of the pipeline company’s stock valued at $335,000 after purchasing an additional 538 shares in the last quarter. Duality Advisers LP grew its position in Pembina Pipeline by 358.7% during the first quarter. Duality Advisers LP now owns 58,771 shares of the pipeline company’s stock worth $2,077,000 after buying an additional 45,958 shares in the last quarter. Quantbot Technologies LP increased its stake in Pembina Pipeline by 10,862.7% in the 1st quarter. Quantbot Technologies LP now owns 32,340 shares of the pipeline company’s stock worth $1,143,000 after acquiring an additional 32,045 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Pembina Pipeline by 19.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 17,863 shares of the pipeline company’s stock valued at $631,000 after acquiring an additional 2,902 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Pembina Pipeline during the 1st quarter valued at about $8,687,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Citigroup raised their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Raymond James assumed coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating for the company. Finally, UBS Group initiated coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Trading Up 0.0 %

Shares of NYSE:PBA traded up $0.02 during trading on Friday, reaching $41.24. 14,861 shares of the company traded hands, compared to its average volume of 1,113,825. The company has a current ratio of 0.68, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77. Pembina Pipeline Co. has a 52-week low of $31.51 and a 52-week high of $43.44. The firm has a market capitalization of $23.94 billion, a price-to-earnings ratio of 17.18 and a beta of 1.25. The business’s fifty day moving average is $41.60 and its 200-day moving average is $38.80.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.21. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Pembina Pipeline had a net margin of 23.50% and a return on equity of 13.68%. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 earnings per share. As a group, analysts forecast that Pembina Pipeline Co. will post 2.38 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.69 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 6.69%. Pembina Pipeline’s dividend payout ratio is presently 85.00%.

Pembina Pipeline Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.