Pembina Pipeline (TSE:PPL) Reaches New 12-Month High at $51.67

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s stock price reached a new 52-week high on Wednesday . The company traded as high as C$51.67 and last traded at C$51.47, with a volume of 235626 shares. The stock had previously closed at C$51.22.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Scotiabank lifted 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 report on Sunday, May 19th. CIBC increased their price target on Pembina Pipeline from C$57.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 26th. Stifel Nicolaus boosted their price objective on Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Wells Fargo & Company lifted their price target on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. Finally, Jefferies Financial Group lifted their target price on shares of Pembina Pipeline from C$54.00 to C$55.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and an average price target of C$54.50.

Pembina Pipeline Stock Performance

The stock has a 50-day moving average of C$50.02 and a 200 day moving average of C$47.83. The stock has a market cap of C$29.81 billion, a PE ratio of 16.55, a P/E/G ratio of 4.80 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 1.03 and a debt-to-equity ratio of 74.45.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.73 earnings per share for the quarter, missing the consensus estimate of C$0.74 by C($0.01). Pembina Pipeline had a net margin of 20.39% and a return on equity of 11.65%. The firm had revenue of C$1.54 billion for the quarter, compared to analyst estimates of C$2.50 billion. Equities analysts predict that Pembina Pipeline Co. will post 3.1496556 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were issued a dividend of $0.69 per share. The ex-dividend date was Monday, June 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.37%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.67. Pembina Pipeline’s dividend payout ratio (DPR) is currently 88.75%.

Insider Activity at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of C$48.82, for a total transaction of C$259,429.48. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$48.82, for a total transaction of C$259,429.48. Also, Senior Officer Cameron Goldade sold 21,689 shares of Pembina Pipeline 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. Over the last three months, insiders have sold 56,037 shares of company stock worth $2,822,669. Insiders own 0.04% of the company’s stock.

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.