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

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.69 per share on Tuesday, December 31st. This represents a $2.76 annualized dividend and a yield of 4.89%. The ex-dividend date is Monday, December 16th.

Pembina Pipeline Stock Down 0.2 %

Shares of PPL traded down C$0.12 on Thursday, reaching C$56.45. The stock had a trading volume of 132,418 shares, compared to its average volume of 2,714,543. The firm has a market capitalization of C$32.75 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company has a 50-day simple moving average of C$56.79 and a 200-day simple moving average of C$53.02. Pembina Pipeline has a 12-month low of C$43.37 and a 12-month high of C$59.86. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69.

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 (EPS) for the quarter, missing the consensus estimate 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 business had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$2.03 billion. Sell-side analysts predict that Pembina Pipeline will post 3.439908 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer Jaret Sprott sold 37,414 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. In related news, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total value of C$1,965,933.60. Also, Senior Officer J. Scott Burrows sold 3,926 shares of the firm’s 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. 0.05% of the stock is owned by insiders.

Analysts Set New Price Targets

PPL has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on 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. Jefferies Financial Group increased their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the company a “buy” rating in a report on Monday, July 29th. JPMorgan Chase & Co. boosted 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 report on Thursday, October 3rd. Raymond James set a C$63.00 target price on Pembina Pipeline and gave the company an “outperform” rating in a research note on Friday, October 11th. Finally, Citigroup boosted their target price on Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$58.29.

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.