Shares of Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) have been given a consensus rating of “Buy” by the eleven brokerages that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$51.70.
A number of brokerages have issued reports on PPL. BMO Capital Markets lowered their price target on Pembina Pipeline from C$48.00 to C$47.00 in a research report on Tuesday, February 6th. CIBC increased their price target on Pembina Pipeline from C$50.00 to C$51.00 in a research report on Thursday, January 11th. Industrial Alliance Securities upgraded Pembina Pipeline from a “buy” rating to a “strong-buy” rating and lowered their price target for the stock from C$51.00 to C$50.00 in a research report on Wednesday, February 14th. National Bank Financial increased their price target on Pembina Pipeline from C$54.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Scotiabank increased their price target on Pembina Pipeline from C$50.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th.
In other news, Director Bruce D. Rubin bought 5,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were acquired at an average price of C$35.37 per share, for a total transaction of C$176,850.00. In the last 90 days, insiders bought 5,515 shares of company stock worth $181,329.
The company also recently announced a monthly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Sunday, March 25th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $2.16 annualized dividend and a dividend yield of 5.25%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 104.08%.
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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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