Pembina Pipeline Co. (TSE:PPL) Senior Officer J. Scott Burrows Purchases 1,000 Shares

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer J. Scott Burrows purchased 1,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was bought at an average cost of C$50.19 per share, with a total value of C$50,190.00.

J. Scott Burrows also recently made the following trade(s):

• On Monday, April 8th, J. Scott Burrows sold 5,314 shares of Pembina Pipeline stock. The shares were sold at an average price of C$48.82, for a total value of C$259,429.48.

Pembina Pipeline Trading Up 0.2 %

TSE PPL opened at C$49.88 on Friday. Pembina Pipeline Co. has a 12 month low of C$38.79 and a 12 month high of C$50.97. The stock has a 50 day moving average of C$48.63 and a 200-day moving average of C$46.77. The company has a current ratio of 1.03, a quick ratio of 0.50 and a debt-to-equity ratio of 74.45. The company has a market cap of C$28.91 billion, a PE ratio of 16.04, 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, February 22nd. The company reported C$1.21 earnings per share for the quarter, topping the consensus estimate of C$0.75 by C$0.46. The firm had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.47 billion. Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%. On average, equities research analysts anticipate 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. Shareholders of record on Monday, June 17th will be given a dividend of $0.69 per share. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.76 annualized dividend and a yield of 5.53%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 88.75%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company upped their price target on Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. CIBC increased their target price on Pembina Pipeline from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Stifel Nicolaus increased their target price on Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. increased their target price on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, ATB Capital increased their target price on Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Pembina Pipeline has a consensus rating of “Moderate Buy” and a consensus target price 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.