Jupiter Topco LLC Invests $1.92 Million in Pembina Pipeline Corp. $PBA

Key Points

• Jupiter Topco LLC acquired 41,337 Pembina Pipeline shares worth approximately $1.92 million during the second quarter. Institutional investors collectively own 55.37% of the company.
• Pembina reported quarterly EPS of $0.48, slightly below the $0.49 consensus estimate, while revenue rose 20.1% year over year to $1.07 billion.
• The company announced a quarterly dividend of $0.735 per share, or $2.94 annually, representing a 6.0% yield. Analysts maintain a “Moderate Buy” consensus with a $64 target price.

Jupiter Topco LLC purchased a new stake in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 41,337 shares of the pipeline company's stock, valued at approximately $1,920,000.

Other institutional investors also recently bought and sold shares of the company. Western Wealth Management LLC purchased a new position in Pembina Pipeline during the first quarter worth $25,000. Tobam bought a new position in Pembina Pipeline during the fourth quarter valued at $28,000. Dunhill Financial LLC purchased a new stake in shares of Pembina Pipeline in the second quarter valued at $31,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Pembina Pipeline in the second quarter valued at $31,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Pembina Pipeline in the 3rd quarter worth about $31,000. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Stock Up 0.1%

Shares of PBA opened at $48.64 on Friday. The firm has a market capitalization of $28.29 billion, a P/E ratio of 23.84 and a beta of 0.58. Pembina Pipeline Corp. has a 12-month low of $36.20 and a 12-month high of $51.58. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average price of $48.75 and a 200-day moving average price of $46.75.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last posted its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.46 billion. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%.The company's quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. Equities research analysts expect that Pembina Pipeline Corp. will post 2.23 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be paid a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Tuesday, September 15th. Pembina Pipeline's dividend payout ratio is currently 104.41%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PBA. TD Securities reaffirmed a "buy" rating on shares of Pembina Pipeline in a research note on Thursday, July 16th. Weiss Ratings lowered shares of Pembina Pipeline from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 18th. Scotiabank downgraded shares of Pembina Pipeline from a "sector outperform" rating to a "sector perform" rating in a research note on Monday, July 20th. Barclays restated an "overweight" rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. Finally, Royal Bank Of Canada upped their target price on Pembina Pipeline from $64.00 to $68.00 and gave the company an "outperform" rating in a research note on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Pembina Pipeline presently has an average rating of "Moderate Buy" and a consensus target price of $64.00.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation NYSE: PBA is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company's asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.

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