Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) traded up 4.1% on Friday after National Bank Financial raised their price target on the stock from C$54.00 to C$55.00. National Bank Financial currently has an outperform rating on the stock. Pembina Pipeline traded as high as C$43.96 and last traded at C$42.64. 1,264,023 shares were traded during trading, an increase of 9% from the average session volume of 1,156,752 shares. The stock had previously closed at C$40.98.
A number of other equities research analysts have also weighed in on the stock. BMO Capital Markets raised their price target on shares of Pembina Pipeline from C$47.00 to C$50.00 in a report on Friday. CIBC raised their price target on shares of Pembina Pipeline from C$51.00 to C$53.00 in a report on Friday. Industrial Alliance Securities raised shares of Pembina Pipeline from a “buy” rating to a “strong-buy” rating and lowered their price target for the company from C$51.00 to C$50.00 in a report on Wednesday, February 14th. JPMorgan Chase & Co. raised their price target on shares of Pembina Pipeline from C$53.00 to C$55.00 in a report on Friday, December 8th. Finally, TD Securities raised their price target on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Monday, November 6th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$51.70.
In related news, Director Maureen Howe acquired 2,400 shares of Pembina Pipeline stock in a transaction on Tuesday, December 12th. The shares were purchased at an average cost of C$45.08 per share, for a total transaction of C$108,192.00. Also, Director Henry William Sykes acquired 1,000 shares of Pembina Pipeline stock in a transaction on Wednesday, December 6th. The shares were bought at an average price of C$44.79 per share, for a total transaction of C$44,790.00. Insiders have acquired a total of 8,915 shares of company stock worth $334,311 over the last quarter.
The firm has a market capitalization of $21,380.00, a P/E ratio of 33.72 and a beta of 0.28.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, February 22nd. This represents a $2.16 dividend on an annualized basis and a yield of 5.08%. Pembina Pipeline’s dividend payout ratio (DPR) is 157.14%.
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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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