A. D. Beadell Investment Counsel Inc. Trims Stake in Pembina Pipeline Co. (NYSE:PBA)

A. D. Beadell Investment Counsel Inc. lowered its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,407 shares of the pipeline company’s stock after selling 475 shares during the quarter. Pembina Pipeline comprises approximately 1.9% of A. D. Beadell Investment Counsel Inc.’s portfolio, making the stock its 20th largest holding. A. D. Beadell Investment Counsel Inc.’s holdings in Pembina Pipeline were worth $1,930,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PBA. Raymond James Financial Services Advisors Inc. grew its stake in Pembina Pipeline by 1.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company’s stock worth $1,143,000 after buying an additional 438 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Pembina Pipeline by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 575,920 shares of the pipeline company’s stock valued at $21,655,000 after acquiring an additional 3,604 shares during the last quarter. American Century Companies Inc. raised its position in Pembina Pipeline by 53.4% during the first quarter. American Century Companies Inc. now owns 39,699 shares of the pipeline company’s stock valued at $1,492,000 after purchasing an additional 13,820 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Pembina Pipeline by 8.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,446 shares of the pipeline company’s stock worth $656,000 after purchasing an additional 1,420 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Pembina Pipeline by 20.3% in the 1st quarter. HighTower Advisors LLC now owns 39,252 shares of the pipeline company’s stock worth $1,478,000 after purchasing an additional 6,629 shares in the last quarter. Institutional investors own 53.86% of the company’s stock.

Pembina Pipeline Trading Down 0.5 %

Shares of Pembina Pipeline stock traded down $0.15 during trading on Tuesday, reaching $30.81. 253,334 shares of the stock were exchanged, compared to its average volume of 727,473. The firm has a market cap of $16.92 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 4.92 and a beta of 1.28. Pembina Pipeline Co. has a 1 year low of $29.59 and a 1 year high of $36.93. The stock’s fifty day moving average is $30.91 and its 200 day moving average is $31.55. The company has a quick ratio of 0.52, a current ratio of 0.62 and a debt-to-equity ratio of 0.74.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, August 3rd. The pipeline company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.57 billion. Pembina Pipeline had a net margin of 28.87% and a return on equity of 14.16%. As a group, equities research analysts expect that Pembina Pipeline Co. will post 2.1 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.504 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, September 14th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 6.54%. Pembina Pipeline’s payout ratio is presently 53.95%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Stifel Nicolaus assumed coverage on Pembina Pipeline in a research report on Wednesday, June 21st. They issued a “buy” rating for the company. BMO Capital Markets cut their price objective on shares of Pembina Pipeline from C$54.00 to C$50.00 in a research note on Friday, August 4th. Credit Suisse Group decreased their target price on shares of Pembina Pipeline from C$52.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 16th. TD Securities cut their price target on shares of Pembina Pipeline from C$54.00 to C$50.00 in a research report on Tuesday, August 8th. Finally, StockNews.com began coverage on Pembina Pipeline in a report on Thursday, August 17th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.86.

Pembina Pipeline Company Profile

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 2.8 millions of barrels of oil equivalent per day, the ground storage capacity 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.