Pembina Pipeline Corp (PBA) : Puzo Michael J reduced its stake in Pembina Pipeline Corp by 5.69% during the most recent quarter end. The investment management company now holds a total of 24,850 shares of Pembina Pipeline Corp which is valued at $758,671 after selling 1,500 shares in Pembina Pipeline Corp , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Pembina Pipeline Corp makes up approximately 0.49% of Puzo Michael J’s portfolio.
Other Hedge Funds, Including , Somerville Kurt F reduced its stake in PBA by selling 3,925 shares or 3.93% in the most recent quarter. The Hedge Fund company now holds 95,950 shares of PBA which is valued at $2,929,354. Pembina Pipeline Corp makes up approx 0.64% of Somerville Kurt F’s portfolio. Advisory Services Network added PBA to its portfolio by purchasing 437 company shares during the most recent quarter which is valued at $12,415.Msi Financial Services Inc reduced its stake in PBA by selling 1,126 shares or 27.04% in the most recent quarter. The Hedge Fund company now holds 3,038 shares of PBA which is valued at $86,310.Cibc World Markets boosted its stake in PBA in the latest quarter, The investment management firm added 192,546 additional shares and now holds a total of 5,868,661 shares of Pembina Pipeline Corp which is valued at $172,538,633. Pembina Pipeline Corp makes up approx 0.74% of Cibc World Markets’s portfolio.Creative Planning boosted its stake in PBA in the latest quarter, The investment management firm added 757 additional shares and now holds a total of 43,206 shares of Pembina Pipeline Corp which is valued at $1,325,128. Pembina Pipeline Corp makes up approx 0.01% of Creative Planning’s portfolio.
Pembina Pipeline Corp opened for trading at $30.74 and hit $30.89 on the upside on Monday, eventually ending the session at $30.75, with a gain of 0.75% or 0.23 points. The heightened volatility saw the trading volume jump to 1,28,691 shares. Company has a market cap of $12,054 M.
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 Downgraded by National Bank Financial to ” Sector Perform” on Jul 18, 2016. Pembina Pipeline Corp was Downgraded by Credit Suisse to ” Neutral” on Jun 20, 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.