Nexus Investment Management Lowers stake in Pembina Pipeline Corp (PBA)

Pembina Pipeline Corp (PBA) : Nexus Investment Management reduced its stake in Pembina Pipeline Corp by 7.69% during the most recent quarter end. The investment management company now holds a total of 24,000 shares of Pembina Pipeline Corp which is valued at $719,520 after selling 2,000 shares in Pembina Pipeline Corp , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Pembina Pipeline Corp makes up approximately 0.13% of Nexus Investment Management’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in PBA in the latest quarter, The investment management firm added 6,098 additional shares and now holds a total of 49,304 shares of Pembina Pipeline Corp which is valued at $1,478,134. Pembina Pipeline Corp makes up approx 0.01% of Creative Planning’s portfolio.Cutler Group Lp boosted its stake in PBA in the latest quarter, The investment management firm added 2,160 additional shares and now holds a total of 4,747 shares of Pembina Pipeline Corp which is valued at $145,211. Pembina Pipeline Corp makes up approx 0.01% of Cutler Group Lp’s portfolio.Advisory Services Network boosted its stake in PBA in the latest quarter, The investment management firm added 1,236 additional shares and now holds a total of 1,673 shares of Pembina Pipeline Corp which is valued at $50,357. Pembina Pipeline Corp makes up approx 0.01% of Advisory Services Network’s portfolio.

Pembina Pipeline Corp closed down -0.61 points or -1.99% at $29.98 with 1,47,599 shares getting traded on Tuesday. Post opening the session at $30.4, the shares hit an intraday low of $29.66 and an intraday high of $30.41 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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 Corp was Downgraded by National Bank Financial to ” Sector Perform” on Jul 18, 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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