Brokerages Set Pembina Pipeline Co. (TSE:PPL) Price Target at C$55.15

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$55.64.

A number of equities analysts have commented on PPL shares. Stifel Nicolaus boosted their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. CIBC increased their target price on Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. ATB Capital lifted their price target on Pembina Pipeline from C$56.00 to C$58.00 in a research note on Wednesday, July 24th. Jefferies Financial Group upped their price objective on Pembina Pipeline from C$56.00 to C$58.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Scotiabank raised their price objective on Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “sector perform” rating in a report on Sunday, May 19th.

Pembina Pipeline Stock Down 1.7 %

Shares of TSE PPL opened at C$52.20 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.50 and a debt-to-equity ratio of 74.45. The business has a 50-day moving average of C$51.45 and a 200-day moving average of C$49.16. The firm has a market capitalization of C$30.25 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a 12 month low of C$38.79 and a 12 month high of C$53.82.

Pembina Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.76 annualized dividend and a yield of 5.29%. Pembina Pipeline’s payout ratio is currently 88.75%.

Insiders Place Their Bets

In other news, Senior Officer Cameron Goldade sold 21,689 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$50.66, for a total transaction of C$1,098,764.74. In other Pembina Pipeline news, Senior Officer Stuart Taylor sold 29,034 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$50.44, for a total value of C$1,464,474.96. Also, Senior Officer Cameron Goldade sold 21,689 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$50.66, for a total value of C$1,098,764.74. Insiders own 0.04% of the company’s stock.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.