Pembina Pipeline (PBA) Shareholder Heronetta Management LP Lowered Its Stake; Stellar Capital Management Lowered Position in Global Payments (GPN) as Stock Value Declined

June 22, 2018 - By Henry Gaston

Pembina Pipeline Corporation (NYSE:PBA) Logo

Heronetta Management Lp decreased its stake in Pembina Pipeline Corp (PBA) by 12.9% based on its latest 2018Q1 regulatory filing with the SEC. Heronetta Management Lp sold 20,000 shares as the company’s stock declined 0.95% with the market. The institutional investor held 135,000 shares of the oil & gas production company at the end of 2018Q1, valued at $5.43M, down from 155,000 at the end of the previous reported quarter. Heronetta Management Lp who had been investing in Pembina Pipeline Corp for a number of months, seems to be less bullish one the $17.69 billion market cap company. The stock decreased 1.14% or $0.4 during the last trading session, reaching $34.57. About 391,831 shares traded. Pembina Pipeline Corporation (NYSE:PBA) has risen 2.84% since June 22, 2017 and is uptrending. It has underperformed by 9.73% the S&P500. Some Historical PBA News: 03/05/2018 – Pembina Pipeline Raises Dividend to C$0.19 Vs. C$0.18; 22/03/2018 – PEMBINA PIPELINE CORPORATION ANNOUNCES $700 MILLION PUBLIC NOTE OFFERING; 22/03/2018 – PEMBINA PIPELINE CORP – OFFERING WILL BE CONDUCTED IN TWO TRANCHES CONSISTING OF $400 MLN IN SENIOR UNSECURED MEDIUM-TERM NOTES, SERIES 10; 03/05/2018 – PEMBINA PIPELINE – ABOUT $280 MLN PHASE Vl EXPANSION IS ANTICIPATED TO BE IN SERVICE IN EARLY 2020, SUBJECT TO ENVIRONMENTAL AND REGULATORY APPROVAL; 09/04/2018 – Pembina Pipeline Corp Announces Changes to Reporting Segments; 09/03/2018 PEMBINA PIPELINE CORPORATION DECLARES COMMON SHARE DIVIDEND AND ANNOUNCES CLOSING OF TERM LOAN; 03/05/2018 – PEMBINA PIPELINE 1Q EPS C$0.59; 03/05/2018 – PEMBINA PIPELINE BOOSTS QTR DIV TO C$0.19/SHR FROM C$0.18; 22/03/2018 – Pembina Pipeline Corp Announces C$700 Million Public Note Offering; 22/03/2018 – NEW DEAL: Pembina Pipeline Min. C$500m Offering of 10Y, 30Y Debt

Stellar Capital Management Llc decreased its stake in Global Payments Inc. (GPN) by 14.73% based on its latest 2018Q1 regulatory filing with the SEC. Stellar Capital Management Llc sold 5,190 shares as the company’s stock declined 2.61% with the market. The institutional investor held 30,043 shares of the business services company at the end of 2018Q1, valued at $3.35 million, down from 35,233 at the end of the previous reported quarter. Stellar Capital Management Llc who had been investing in Global Payments Inc. for a number of months, seems to be less bullish one the $18.30 billion market cap company. The stock decreased 1.88% or $2.2 during the last trading session, reaching $114.7. About 951,600 shares traded. Global Payments Inc. (NYSE:GPN) has risen 20.94% since June 22, 2017 and is uptrending. It has outperformed by 8.37% the S&P500. Some Historical GPN News: 03/05/2018 – GLOBAL PAYMENTS INC GPN.N SEES FY 2018 ADJUSTED SHR $5.00 TO $5.20; 09/03/2018 – Global Payments to Participate in the Barclays Emerging Payments Forum; 14/05/2018 – Global Payments Presenting at JPMorgan Conference May 16; 03/05/2018 – GLOBAL PAYMENTS INC SEES 2018 ADJUSTED NET REVENUE PLUS NETWORK FEES TO RANGE FROM $3.90 BLN TO $3.975 BLN; 03/05/2018 – Global Payments 1Q EPS 57c; 22/05/2018 – Global Payments Closes Below 50-Day Moving Average: Technicals; 03/05/2018 – Global Payments Sees 2018 Adj EPS $5.00-Adj EPS $5.20; 19/03/2018 – GLOBAL PAYMENTS’ OUTLOOK TO POSITIVE FROM STABLE BY MOODY’S; 03/05/2018 – Global Payments 1Q Rev $795M; 30/04/2018 – Global Payments Closes Above 50-Day Moving Average: Technicals

More news for Pembina Pipeline Corporation (NYSE:PBA) were recently published by: Fool.ca, which released: “Pump Some Cash Into Your Portfolio With These 2 Pipeline Companies” on June 19, 2018. Nasdaq.com‘s article titled: “Investor Expectations to Drive Momentum within TELUS, Franco-Nevada, Imperial Oil, Pembina Pipeline, Norbord, and …” and published on June 20, 2018 is yet another important article.

Analysts await Pembina Pipeline Corporation (NYSE:PBA) to report earnings on August, 7. They expect $0.47 EPS, up 147.37% or $0.28 from last year’s $0.19 per share. PBA’s profit will be $240.49M for 18.39 P/E if the $0.47 EPS becomes a reality. After $0.47 actual EPS reported by Pembina Pipeline Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 5 analysts covering Pembina Pipeline (NYSE:PBA), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Pembina Pipeline had 8 analyst reports since August 10, 2015 according to SRatingsIntel. Credit Suisse upgraded the stock to “Outperform” rating in Friday, December 11 report. ational Bank Financial downgraded the stock to “Sector Perform” rating in Monday, July 18 report. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, August 10 report. The stock of Pembina Pipeline Corporation (NYSE:PBA) earned “Outperform” rating by RBC Capital Markets on Monday, November 9. As per Thursday, October 13, the company rating was initiated by JP Morgan. GMP Securities upgraded Pembina Pipeline Corporation (NYSE:PBA) on Monday, November 7 to “Buy” rating. Credit Suisse downgraded the stock to “Neutral” rating in Monday, June 20 report.

Since January 16, 2018, it had 0 buys, and 22 sales for $8.83 million activity. The insider BALDWIN ROBERT H B JR sold 6,000 shares worth $658,060. $67,260 worth of stock was sold by SILBERSTEIN ALAN M on Wednesday, April 18. 6,250 shares were sold by MARSHALL RUTH ANN, worth $714,500 on Tuesday, February 27. 2,198 Global Payments Inc. (NYSE:GPN) shares with value of $255,953 were sold by Green David Lawrence.

Among 39 analysts covering Global Payments Inc. (NYSE:GPN), 30 have Buy rating, 1 Sell and 8 Hold. Therefore 77% are positive. Global Payments Inc. had 131 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, November 9 by Stifel Nicolaus. RBC Capital Markets maintained the shares of GPN in report on Friday, October 6 with “Buy” rating. The stock of Global Payments Inc. (NYSE:GPN) earned “Equal Weight” rating by Barclays Capital on Friday, September 30. Suntrust Robinson upgraded the stock to “Buy” rating in Friday, January 8 report. The company was maintained on Thursday, January 18 by Piper Jaffray. Citigroup maintained Global Payments Inc. (NYSE:GPN) rating on Friday, February 16. Citigroup has “Buy” rating and $125 target. Guggenheim initiated Global Payments Inc. (NYSE:GPN) on Tuesday, December 20 with “Buy” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, October 21 report. The stock of Global Payments Inc. (NYSE:GPN) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, August 3. Nomura maintained the shares of GPN in report on Tuesday, February 13 with “Reduce” rating.

Investors sentiment decreased to 1 in Q1 2018. Its down 0.18, from 1.18 in 2017Q4. It fall, as 16 investors sold GPN shares while 170 reduced holdings. 63 funds opened positions while 123 raised stakes. 149.44 million shares or 0.86% less from 150.74 million shares in 2017Q4 were reported. Morgan Dempsey Capital Management Llc reported 0% in Global Payments Inc. (NYSE:GPN). Signaturefd Limited Liability Co holds 0% of its portfolio in Global Payments Inc. (NYSE:GPN) for 192 shares. Cubist Systematic Strategies Ltd Llc owns 2,760 shares. Hsbc Plc reported 0.02% of its portfolio in Global Payments Inc. (NYSE:GPN). Covington Capital Mngmt has invested 0.02% in Global Payments Inc. (NYSE:GPN). State Of Wisconsin Inv Board stated it has 181,325 shares or 0.06% of all its holdings. Annex Advisory Service Limited Liability Corp invested 0.07% of its portfolio in Global Payments Inc. (NYSE:GPN). Commonwealth Retail Bank Of holds 0% or 258 shares. Westpac Bk Corporation accumulated 26,339 shares. Moreover, Cibc World Mkts Inc has 0.01% invested in Global Payments Inc. (NYSE:GPN) for 13,289 shares. 4,221 are owned by Commerzbank Aktiengesellschaft Fi. Missouri-based Ent Financial Services Corporation has invested 0% in Global Payments Inc. (NYSE:GPN). Arizona State Retirement reported 0.07% stake. 91,400 were accumulated by State Of New Jersey Common Pension Fund D. M&T Commercial Bank reported 13,737 shares.

Global Payments Inc. (NYSE:GPN) Institutional Positions Chart

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