Pembina Pipeline Co. (TSE:PPL) Announces $0.69 Quarterly Dividend

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.69 per share on Tuesday, December 31st. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Monday, December 16th.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at C$56.57 on Thursday. The company has a 50 day moving average of C$56.79 and a 200-day moving average of C$53.02. Pembina Pipeline has a 1-year low of C$43.37 and a 1-year high of C$59.86. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. The company has a market cap of C$32.82 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The firm had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$2.03 billion. As a group, equities research analysts forecast that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PPL shares. National Bankshares upped their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. upped their price objective on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. Royal Bank of Canada upped their price objective on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Raymond James set a C$63.00 price objective on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research report on Friday, October 11th. Finally, Citigroup upped their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average target price of C$58.29.

Insider Buying and Selling at Pembina Pipeline

In other news, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. Corporate insiders own 0.05% of the company’s stock.

About Pembina Pipeline

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.