Cumberland Partners Ltd Lowers stake in Pembina Pipeline Corp (PBA)

Pembina Pipeline Corp (PBA) : Cumberland Partners Ltd reduced its stake in Pembina Pipeline Corp by 4.82% during the most recent quarter end. The investment management company now holds a total of 1,521,700 shares of Pembina Pipeline Corp which is valued at $42,485,864 after selling 77,025 shares in Pembina Pipeline Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Pembina Pipeline Corp makes up approximately 5.78% of Cumberland Partners Ltd’s portfolio.

Other Hedge Funds, Including , Guardian Capital Lp reduced its stake in PBA by selling 135,970 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 5,649,332 shares of PBA which is valued at $157,390,390. Pembina Pipeline Corp makes up approx 2.54% of Guardian Capital Lp’s portfolio. Bb&t Securities added PBA to its portfolio by purchasing 9,929 company shares during the most recent quarter which is valued at $293,402.Agf Investments boosted its stake in PBA in the latest quarter, The investment management firm added 20,527 additional shares and now holds a total of 238,403 shares of Pembina Pipeline Corp which is valued at $7,402,413. Pembina Pipeline Corp makes up approx 0.08% of Agf Investments’s portfolio.

Pembina Pipeline Corp opened for trading at $28.43 and hit $28.62 on the upside on Monday, eventually ending the session at $28.47, with a gain of 0.21% or 0.06 points. The heightened volatility saw the trading volume jump to 1,53,884 shares. Company has a market cap of $11,246 M.

On the company’s financial health, Pembina Pipeline Corp reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $0.31. The company had revenue of $970.00 million for the quarter, compared to analysts expectations of $1426.72 million. The company’s revenue was down -5.5 % compared to the same quarter last year.

Many Wall Street Analysts have commented on Pembina Pipeline Corp. Pembina Pipeline Corp was Initiated by JP Morgan to “Overweight” on Oct 13, 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.

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