Pembina Pipeline (TSE:PPL) Price Target Raised to C$63.00 at Wells Fargo & Company

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price lifted by Wells Fargo & Company from C$61.00 to C$63.00 in a research note released on Wednesday morning,BayStreet.CA reports.

PPL has been the topic of a number of other research reports. Citigroup upped their target price on Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. Royal Bank of Canada upped their price objective on Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. BMO Capital Markets lifted their target price on Pembina Pipeline from C$56.00 to C$58.00 in a research note on Thursday, September 5th. ATB Capital boosted their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th. Finally, Raymond James set a C$63.00 price objective on shares of Pembina Pipeline and gave the stock an “outperform” rating in a report on Friday, October 11th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$58.86.

Pembina Pipeline Price Performance

PPL stock opened at C$58.13 on Wednesday. Pembina Pipeline has a 1 year low of C$43.37 and a 1 year high of C$59.86. The stock has a market capitalization of C$33.73 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company’s 50-day moving average is C$57.06 and its 200-day moving average is C$53.28. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). The firm had revenue of C$1.84 billion for the quarter, compared to analysts’ expectations of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. Equities research analysts expect that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.75%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.66%.

Insider Activity at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. In related news, Senior Officer Jaret Sprott sold 37,414 shares of the business’s 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 transaction of C$1,965,933.60. Also, Senior Officer J. Scott Burrows sold 3,926 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was 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 company insiders.

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.