Pembina Pipeline Corp. (NYSE:PBA) Sees Significant Increase in Short Interest

Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 6,460,000 shares, a growth of 56.8% from the May 15th total of 4,120,000 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 1,230,000 shares, the short-interest ratio is currently 5.3 days.

Pembina Pipeline Price Performance

NYSE PBA traded down $1.08 during trading hours on Wednesday, reaching $36.85. The company's stock had a trading volume of 2,367,883 shares, compared to its average volume of 1,289,712. The firm has a market capitalization of $21.41 billion, a price-to-earnings ratio of 16.67 and a beta of 0.76. The company's 50-day moving average is $37.75 and its two-hundred day moving average is $37.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.64 and a quick ratio of 0.52. Pembina Pipeline has a 1-year low of $34.13 and a 1-year high of $43.44.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last posted its quarterly earnings data on Thursday, May 8th. The pipeline company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.23. Pembina Pipeline had a return on equity of 12.61% and a net margin of 23.73%. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The business's revenue was up 48.2% compared to the same quarter last year. On average, equities analysts predict that Pembina Pipeline will post 2.15 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.5109 per share. The ex-dividend date is Monday, June 16th. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a yield of 5.55%. Pembina Pipeline's payout ratio is presently 93.67%.

Institutional Trading of Pembina Pipeline

Large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. lifted its stake in Pembina Pipeline by 69.9% in the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock worth $27,000 after purchasing an additional 277 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Pembina Pipeline in the first quarter valued at approximately $27,000. Principal Securities Inc. lifted its position in Pembina Pipeline by 2,597.1% during the fourth quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock worth $34,000 after buying an additional 883 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Pembina Pipeline by 880.0% during the fourth quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock worth $36,000 after buying an additional 880 shares in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new position in Pembina Pipeline during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 55.37% of the company's stock.

Wall Street Analyst Weigh In

PBA has been the topic of several research analyst reports. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. Barclays restated an "overweight" rating on shares of Pembina Pipeline in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Pembina Pipeline currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

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 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 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.