Pembina Pipeline Co. (TSE:PPL) Senior Officer Cameron Goldade Sells 21,689 Shares

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer Cameron Goldade sold 21,689 shares of the company’s stock in a transaction on 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.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock traded down C$0.53 during trading hours on Wednesday, reaching C$50.13. The company’s stock had a trading volume of 5,564,801 shares, compared to its average volume of 2,592,398. The company’s 50 day simple moving average is C$48.50 and its 200 day simple moving average is C$46.66. 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 Co. has a one year low of C$38.79 and a one year high of C$50.97. The stock has a market cap of C$29.05 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.75 by C$0.46. Pembina Pipeline had a net margin of 20.39% and a return on equity of 11.65%. The company had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.47 billion. As a group, analysts expect that Pembina Pipeline Co. will post 3.1496556 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend is Monday, June 17th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.67. Pembina Pipeline’s dividend payout ratio (DPR) is 88.75%.

Analyst Ratings Changes

PPL has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Scotiabank increased their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “sector perform” rating in a research note on Sunday. JPMorgan Chase & Co. increased their price objective on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Wells Fargo & Company increased their price objective on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. Finally, ATB Capital increased their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, April 5th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$54.25.

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.