Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Director Henry William Sykes purchased 1,000 shares of Pembina Pipeline stock in a transaction dated Wednesday, December 6th. The shares were purchased at an average price of C$44.79 per share, with a total value of C$44,790.00.
Pembina Pipeline Co. (TSE:PPL) traded up C$0.36 on Thursday, reaching C$45.09. The company had a trading volume of 720,968 shares, compared to its average volume of 1,110,124. Pembina Pipeline Co. has a 12-month low of C$39.04 and a 12-month high of C$46.17.
The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $2.16 annualized dividend and a yield of 4.79%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 157.14%.
Several equities research analysts have recently issued reports on PPL shares. Scotiabank lifted their price target on Pembina Pipeline from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 4th. National Bank Financial lifted their price target on Pembina Pipeline from C$50.00 to C$51.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. CIBC lifted their price target on Pembina Pipeline from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Tuesday, October 3rd. J P Morgan Chase & Co lifted their price target on Pembina Pipeline from C$52.00 to C$53.00 in a report on Tuesday, September 26th. Finally, TD Securities lifted their price target on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Monday, November 6th. Nine analysts have rated the stock with a buy rating, Pembina Pipeline currently has an average rating of “Buy” and a consensus target price of C$50.67.
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Pembina Pipeline Company Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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