Pembina Pipeline Co. (TSE:PPL - Get Free Report) (NYSE:PBA) 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 transaction of C$1,464,474.96.
Pembina Pipeline Stock Performance
Shares of PPL stock opened at C$50.97 on Friday. The company has a market capitalization of C$29.54 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 4.80 and a beta of 1.48. 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 52 week low of C$38.79 and a 52 week high of C$51.12. The company has a 50-day simple moving average of C$49.19 and a 200 day simple moving average of C$47.18.
Pembina Pipeline (TSE:PPL - Get Free Report) (NYSE:PBA) last posted its earnings results on Thursday, May 9th. The company reported C$0.73 EPS for the quarter, missing the consensus estimate of C$0.74 by C($0.01). The firm had revenue of C$1.54 billion during the quarter, compared to analyst estimates of C$2.50 billion. Pembina Pipeline had a net margin of 20.39% and a return on equity of 11.65%. On average, sell-side analysts predict that Pembina Pipeline Co. will post 3.1496556 earnings per share for the current year.
Pembina Pipeline Increases Dividend
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The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be issued a dividend of $0.69 per share. The ex-dividend date is Monday, June 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.41%. 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%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on PPL shares. Scotiabank lifted their target price on Pembina Pipeline from C$55.00 to C$56.00 and gave the company a "sector perform" rating in a research report on Sunday, May 19th. CIBC raised their price target on Pembina Pipeline from C$56.00 to C$57.00 and gave the company an "outperform" rating in a research note on Friday, April 19th. Wells Fargo & Company boosted their price target on Pembina Pipeline from C$52.00 to C$55.00 in a research report on Thursday, March 7th. National Bankshares increased their price objective on Pembina Pipeline from C$50.00 to C$51.00 and gave the company a "sector perform" rating in a report on Monday, May 13th. Finally, BMO Capital Markets lifted their price objective on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Pembina Pipeline has an average rating of "Moderate Buy" and a consensus target price of C$54.25.
Read Our Latest Research Report on PPL
Pembina Pipeline Company Profile
(
Get Free Report)
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.
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