Pembina Pipeline (TSE:PPL) Reaches New 12-Month High at $52.33

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$52.33 and last traded at C$52.30, with a volume of 52437 shares. The stock had previously closed at C$52.01.

Analyst Ratings Changes

A number of research analysts have recently commented on PPL shares. Citigroup increased their price objective on Pembina Pipeline from C$50.00 to C$53.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. National Bankshares boosted their price objective on shares of Pembina Pipeline from C$51.00 to C$52.00 in a research report on Wednesday, June 26th. JPMorgan Chase & Co. increased their target price on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. BMO Capital Markets boosted their price target on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the company an “outperform” rating in a research report on Wednesday, June 26th. Finally, Tudor Pickering & Holt upped their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, July 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$55.00.

Pembina Pipeline Stock Performance

The stock has a 50 day simple moving average of C$50.70 and a 200 day simple moving average of C$48.46. The company has a quick ratio of 0.50, a current ratio of 1.03 and a debt-to-equity ratio of 74.45. The company has a market cap of C$30.63 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 4.80 and a beta of 1.48.

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

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were issued a $0.69 dividend. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend was Monday, June 17th. Pembina Pipeline’s payout ratio is currently 88.75%.

Insider Buying and Selling 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 transaction of C$1,464,474.96. In other news, Senior Officer Stuart Taylor sold 29,034 shares of the company’s stock in a transaction that occurred on 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. Also, Senior Officer J. Scott Burrows purchased 1,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average price of C$50.19 per share, for a total transaction of C$50,190.00. 0.04% of the stock is owned by 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.