Pembina Pipeline Co. (TSE:PPL) Senior Officer Acquires C$50,190.00 in Stock

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer J. Scott Burrows acquired 1,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average price of C$50.19 per share, with a total value of C$50,190.00.

J. Scott Burrows also recently made the following trade(s):

• On Monday, April 8th, J. Scott Burrows sold 5,314 shares of Pembina Pipeline stock. The shares were sold at an average price of C$48.82, for a total value of C$259,429.48.

Pembina Pipeline Stock Performance

TSE PPL opened at C$49.88 on Monday. The stock’s fifty day moving average is C$48.63 and its two-hundred day moving average is C$46.79. The firm has a market capitalization of C$28.91 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. The company has a debt-to-equity ratio of 74.45, a quick ratio of 0.50 and a current ratio of 1.03. Pembina Pipeline Co. has a fifty-two week low of C$38.79 and a fifty-two week high of C$50.97.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$1.21 EPS for the quarter, beating the consensus estimate of C$0.75 by C$0.46. Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%. The business had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.47 billion. On average, research analysts anticipate that Pembina Pipeline Co. will post 3.1496556 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 5.53%. The ex-dividend date is Monday, June 17th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.67. Pembina Pipeline’s dividend payout ratio is 88.75%.

Analyst Ratings Changes

A number of analysts have recently commented on PPL shares. Stifel Nicolaus boosted their price objective on Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Citigroup boosted their price target on Pembina Pipeline from C$50.00 to C$53.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. ATB Capital boosted their price target on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, April 5th. CIBC boosted their price target on Pembina Pipeline from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Finally, TD Securities boosted their price target on Pembina Pipeline from C$53.00 to C$56.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Pembina Pipeline presently has an average rating of “Moderate Buy” and a consensus price target of C$54.25.

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.