Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) has been assigned a consensus recommendation of “Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$51.10.
Several research analysts have commented on PPL shares. National Bank Financial boosted their price objective on shares of Pembina Pipeline from C$50.00 to C$51.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. TD Securities boosted their price objective on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, November 6th. JPMorgan Chase & Co. boosted their price objective on shares of Pembina Pipeline from C$53.00 to C$55.00 in a research report on Friday, December 8th. CIBC boosted their price objective on shares of Pembina Pipeline from C$50.00 to C$51.00 in a research report on Thursday, January 11th. Finally, BMO Capital Markets decreased their target price on shares of Pembina Pipeline from C$48.00 to C$47.00 in a research note on Tuesday, February 6th.
In other Pembina Pipeline news, Director Maureen Howe acquired 2,400 shares of Pembina Pipeline stock in a transaction that occurred on Tuesday, December 12th. The shares were bought at an average price of C$45.08 per share, with a total value of C$108,192.00. Also, Director Bruce D. Rubin acquired 5,000 shares of Pembina Pipeline stock in a transaction that occurred on Friday, January 12th. The stock was acquired at an average cost of C$35.37 per share, for a total transaction of C$176,850.00. In the last ninety days, insiders have acquired 8,915 shares of company stock worth $334,311.
The business also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.24%. Pembina Pipeline’s payout ratio is presently 157.14%.
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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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