Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) has been given a consensus recommendation of “Buy” by the ten brokerages that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$51.22.
A number of research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Pembina Pipeline from C$53.00 to C$55.00 in a report on Friday, December 8th. TD Securities upped their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday, November 6th. National Bank Financial upped their target price on Pembina Pipeline from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. CIBC upped their target price on Pembina Pipeline from C$50.00 to C$51.00 in a report on Thursday, January 11th. Finally, BMO Capital Markets reduced their target price on Pembina Pipeline from C$48.00 to C$47.00 in a report on Tuesday, February 6th.
Pembina Pipeline (TSE PPL) traded down C$0.19 during mid-day trading on Wednesday, hitting C$39.96. The company’s stock had a trading volume of 335,209 shares, compared to its average volume of 1,140,763. Pembina Pipeline has a 1 year low of C$38.10 and a 1 year high of C$46.17. The stock has a market cap of $20,200.00, a P/E ratio of 32.02 and a beta of 0.28.
The business also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.16 annualized dividend and a dividend yield of 5.41%. Pembina Pipeline’s payout ratio is currently 157.14%.
In other Pembina Pipeline news, Director Maureen Howe acquired 2,400 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were acquired at an average cost of C$45.08 per share, with a total value of C$108,192.00. Also, Director Henry William Sykes acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was acquired at an average cost of C$44.79 per share, for a total transaction of C$44,790.00. Insiders purchased a total of 8,915 shares of company stock worth $334,311 in the last 90 days.
About Pembina Pipeline
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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