Pembina Pipeline Co. (NYSE:PBA) Position Reduced by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. lessened its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,217 shares of the pipeline company’s stock after selling 1,319 shares during the quarter. Pembina Pipeline accounts for 2.8% of A. D. Beadell Investment Counsel Inc.’s investment portfolio, making the stock its 9th biggest position. A. D. Beadell Investment Counsel Inc.’s holdings in Pembina Pipeline were worth $3,473,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Toronto Dominion Bank boosted its stake in shares of Pembina Pipeline by 97.2% during the 2nd quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company’s stock valued at $331,439,000 after purchasing an additional 4,405,792 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Pembina Pipeline by 56.9% during the second quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company’s stock valued at $311,142,000 after buying an additional 3,043,200 shares during the period. ClearBridge Investments Ltd boosted its position in shares of Pembina Pipeline by 12.3% in the first quarter. ClearBridge Investments Ltd now owns 7,173,059 shares of the pipeline company’s stock worth $253,496,000 after purchasing an additional 784,814 shares during the period. Kayne Anderson Capital Advisors LP boosted its position in shares of Pembina Pipeline by 31.1% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,969,440 shares of the pipeline company’s stock worth $104,940,000 after purchasing an additional 704,249 shares during the period. Finally, 1832 Asset Management L.P. boosted its position in shares of Pembina Pipeline by 93.7% in the first quarter. 1832 Asset Management L.P. now owns 1,374,359 shares of the pipeline company’s stock worth $48,570,000 after purchasing an additional 664,843 shares during the period. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Down 0.1 %

Pembina Pipeline stock traded down $0.06 during midday trading on Thursday, hitting $42.38. 98,281 shares of the company’s stock were exchanged, compared to its average volume of 1,155,336. Pembina Pipeline Co. has a 12 month low of $29.99 and a 12 month high of $42.90. The company has a market cap of $24.58 billion, a PE ratio of 18.45, a P/E/G ratio of 5.83 and a beta of 1.25. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.68. The firm has a 50-day moving average of $40.15 and a two-hundred day moving average of $37.78.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.21. The business 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 was up 30.5% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. As a group, analysts expect that Pembina Pipeline Co. will post 2.42 earnings per share for the current fiscal year.

Pembina Pipeline Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.72%. The ex-dividend date was Monday, September 16th. Pembina Pipeline’s payout ratio is 88.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PBA shares. Citigroup upped their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. UBS Group started coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They issued a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $56.50.

About Pembina Pipeline

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.