A number of other equities research analysts have also recently weighed in on the company. National Bank Financial increased their price target on Pembina Pipeline from C$51.00 to C$52.00 and gave the company an outperform rating in a research note on Thursday, November 30th. TD Securities lifted their price target on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a buy rating in a research note on Monday, November 6th. Scotiabank raised their price objective on Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an outperform rating in a research report on Wednesday, October 4th. Finally, CIBC raised their price objective on Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an outperform rating in a research report on Tuesday, October 3rd. Nine analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus price target of C$50.89.
Pembina Pipeline (PPL) traded up C$0.22 during trading hours on Friday, reaching C$45.73. The company’s stock had a trading volume of 525,278 shares, compared to its average volume of 518,474. Pembina Pipeline has a 52-week low of C$39.04 and a 52-week high of C$46.17. The firm has a market cap of $22,890.00, a P/E ratio of 36.29 and a beta of 0.37.
The company also recently disclosed a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be issued a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Thursday, December 28th. Pembina Pipeline’s payout ratio is currently 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 company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was bought at an average price of C$45.08 per share, with a total value of C$108,192.00. Insiders bought a total of 3,500 shares of company stock valued at $157,461 over the last quarter.
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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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