Several other equities analysts also recently weighed in on the company. Scotiabank lifted their target price on Pembina Pipeline from C$49.00 to C$50.00 and gave the company an outperform rating in a research report on Wednesday, October 4th. National Bank Financial lifted their target price on Pembina Pipeline from C$50.00 to C$51.00 and gave the company an outperform rating in a research report on Friday, November 3rd. JPMorgan Chase & Co. lifted their target price on Pembina Pipeline from C$53.00 to C$55.00 in a research report on Friday, December 8th. Finally, TD Securities lifted their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a buy rating in a research report on Monday, November 6th. Nine research analysts have rated the stock with a buy rating, Pembina Pipeline has a consensus rating of Buy and a consensus target price of C$51.00.
Pembina Pipeline (TSE PPL) traded down C$0.10 during midday trading on Thursday, reaching C$44.17. The company had a trading volume of 551,000 shares, compared to its average volume of 1,000,000. The stock has a market capitalization of $22,220.00, a P/E ratio of 35.06 and a beta of 0.37. Pembina Pipeline has a 12 month low of C$39.04 and a 12 month high of C$46.17.
The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, January 25th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $2.16 dividend on an annualized basis and a yield of 4.89%. Pembina Pipeline’s dividend payout ratio is presently 157.14%.
In other Pembina Pipeline news, Director Henry William Sykes purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were acquired at an average cost of C$44.79 per share, with a total value of C$44,790.00. Also, Director Maureen Howe purchased 2,400 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were acquired at an average cost of C$45.08 per share, for a total transaction of C$108,192.00. Over the last three months, insiders have acquired 3,500 shares of company stock worth $157,461.
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Pembina Pipeline Company Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment 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.
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