Pembina Pipeline Co. (NYSE:PBA – Get Rating) (TSE:PPL) shares saw unusually-strong trading volume on Friday . Approximately 34,191 shares were traded during mid-day trading, a decline of 96% from the previous session's volume of 780,568 shares.The stock last traded at $31.77 and had previously closed at $33.51.
Pembina Pipeline Stock Performance
The company has a market cap of $17.35 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 4.88 and a beta of 1.24. The stock's fifty day simple moving average is $36.27 and its two-hundred day simple moving average is $37.27. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.20 and a current ratio of 1.28.
Get Pembina Pipeline alerts:Pembina Pipeline (NYSE:PBA – Get Rating) (TSE:PPL) last announced its quarterly earnings results on Thursday, August 4th. The pipeline company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.22. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.98 billion. Pembina Pipeline had a net margin of 14.15% and a return on equity of 12.70%. Pembina Pipeline's revenue for the quarter was up 62.7% on a year-over-year basis. During the same quarter last year, the business earned $0.32 EPS. Equities research analysts anticipate that Pembina Pipeline Co. will post 2.29 EPS for the current year.
Pembina Pipeline Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 23rd will be issued a dividend of $0.166 per share. This is a positive change from Pembina Pipeline's previous monthly dividend of $0.16. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $1.99 annualized dividend and a dividend yield of 6.37%. Pembina Pipeline's payout ratio is presently 97.55%.Hedge Funds Weigh In On Pembina Pipeline
Several hedge funds and other institutional investors have recently made changes to their positions in the business. B. Riley Wealth Management Inc. acquired a new position in shares of Pembina Pipeline during the 2nd quarter valued at $782,000. Redhawk Wealth Advisors Inc. acquired a new position in shares of Pembina Pipeline during the 2nd quarter valued at $265,000. Stock Yards Bank & Trust Co. lifted its holdings in shares of Pembina Pipeline by 9.0% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 9,710 shares of the pipeline company's stock valued at $344,000 after acquiring an additional 803 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Pembina Pipeline by 19.8% during the 2nd quarter. Legal & General Group Plc now owns 4,899,651 shares of the pipeline company's stock valued at $172,814,000 after acquiring an additional 810,048 shares in the last quarter. Finally, ExodusPoint Capital Management LP lifted its holdings in shares of Pembina Pipeline by 18.0% during the 2nd quarter. ExodusPoint Capital Management LP now owns 17,715 shares of the pipeline company's stock valued at $626,000 after acquiring an additional 2,706 shares in the last quarter. Institutional investors and hedge funds own 54.92% of the company's stock.
Pembina Pipeline Company Profile
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Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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.
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