Pembina Pipeline Corp. (PBA) To Go Ex-Dividend on September 21st
Pembina Pipeline Corp. (NYSE:PBA) announced a sep 16 dividend on Thursday, September 8th. Investors of record on Sunday, September 25th will be given a dividend of 0.16 per share on Saturday, October 15th. This represents a yield of 4.93%. The ex-dividend date of this dividend is Wednesday, September 21st.
A number of research firms recently weighed in on PBA. Zacks Investment Research upgraded Pembina Pipeline Corp. from a “sell” rating to a “hold” rating in a research report on Friday, June 24th. TD Securities restated a “buy” rating and issued a $44.00 target price (up previously from $41.00) on shares of Pembina Pipeline Corp. in a research report on Wednesday, August 10th. GMP Securities restated a “buy” rating on shares of Pembina Pipeline Corp. in a research report on Monday, June 27th. Scotiabank restated an “outperform” rating and issued a $44.00 target price on shares of Pembina Pipeline Corp. in a research report on Wednesday, August 10th. Finally, National Bank Financial downgraded Pembina Pipeline Corp. from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 18th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $41.75.
Shares of Pembina Pipeline Corp. (NYSE:PBA) opened at 29.67 on Tuesday. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 35.49 and a beta of 0.68. Pembina Pipeline Corp. has a 52-week low of $17.88 and a 52-week high of $32.31. The company’s 50 day moving average price is $30.16 and its 200 day moving average price is $29.11.
Pembina Pipeline Corp. (NYSE:PBA) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.30 by $0.05. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Pembina Pipeline Corp. had a return on equity of 7.13% and a net margin of 10.63%. The company’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 earnings per share. On average, analysts predict that Pembina Pipeline Corp. will post $0.87 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp purchased a new position in Pembina Pipeline Corp. during the second quarter valued at approximately $123,708,000. Tortoise Capital Advisors L.L.C. increased its position in Pembina Pipeline Corp. by 30.9% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 2,003,964 shares of the company’s stock valued at $60,897,000 after buying an additional 473,101 shares during the last quarter. Counsel Portfolio Services Inc. purchased a new position in Pembina Pipeline Corp. during the second quarter valued at approximately $6,047,000. Credit Suisse AG increased its position in Pembina Pipeline Corp. by 24.5% in the second quarter. Credit Suisse AG now owns 904,512 shares of the company’s stock valued at $27,443,000 after buying an additional 177,939 shares during the last quarter. Finally, AMF Pensionsforsakring AB purchased a new position in Pembina Pipeline Corp. during the second quarter valued at approximately $4,360,000. Institutional investors own 46.56% of the company’s stock.
About Pembina Pipeline Corp.
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.
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