Pembina Pipeline (TSE:PPL) Price Target Increased to C$54.00 by Analysts at BMO Capital Markets

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective increased by BMO Capital Markets from C$53.00 to C$54.00 in a research report report published on Wednesday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. CIBC lifted their price target on shares of Pembina Pipeline from C$57.00 to C$58.00 and gave the stock an outperform rating in a research note on Wednesday. Stifel Nicolaus lifted their target price 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. Wells Fargo & Company lifted their target price on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. Citigroup lifted their target price on shares of Pembina Pipeline from C$50.00 to C$53.00 and gave the stock a neutral rating in a research note on Tuesday, May 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a neutral rating in a research note on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of C$54.50.

Pembina Pipeline Trading Up 0.3 %

PPL stock opened at C$50.31 on Wednesday. The company has a market capitalization of C$29.16 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a one year low of C$38.79 and a one year high of C$51.59. The company’s 50 day moving average price is C$49.72 and its two-hundred day moving average price is C$47.63. 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 (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$0.73 EPS for the quarter, missing the consensus estimate of C$0.74 by C($0.01). The business had revenue of C$1.54 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%. As a group, analysts predict that Pembina Pipeline will post 3.1496556 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be given a $0.69 dividend. The ex-dividend date of this dividend is Monday, June 17th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.67. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.49%. Pembina Pipeline’s dividend payout ratio is currently 88.75%.

Insider Transactions at Pembina Pipeline

In other news, Senior Officer Stuart Taylor sold 29,034 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$50.44, for a total value of C$1,464,474.96. In related 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. Also, Senior Officer Stuart Taylor sold 29,034 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$50.44, for a total transaction of C$1,464,474.96. Insiders have sold 56,037 shares of company stock valued at $2,822,669 in the last three months. 0.04% of the stock is currently owned by company insiders.

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.