AltaCorp Capital upgraded shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) from a sector perform rating to an outperform rating in a report released on Wednesday morning.

A number of other research firms also recently weighed in on PBA. BidaskClub raised shares of Pembina Pipeline Corp. from a sell rating to a hold rating in a research report on Tuesday, June 27th. Zacks Investment Research raised shares of Pembina Pipeline Corp. from a hold rating to a buy rating and set a $36.00 price target for the company in a research report on Saturday, April 8th. Finally, National Bank Financial raised shares of Pembina Pipeline Corp. from a sector perform rating to an outperform rating in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $43.50.

Shares of Pembina Pipeline Corp. (NYSE:PBA) opened at 34.60 on Wednesday. Pembina Pipeline Corp. has a 12 month low of $27.44 and a 12 month high of $34.97. The stock’s 50 day moving average is $33.01 and its 200 day moving average is $32.23. The stock has a market cap of $13.87 billion, a P/E ratio of 34.43 and a beta of 0.71.

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The company also recently disclosed a dividend, which will be paid on Monday, August 14th. Investors of record on Tuesday, July 25th will be paid a dividend of $0.131 per share. The ex-dividend date of this dividend is Friday, July 21st. This is a boost from Pembina Pipeline Corp.’s previous dividend of $0.12. Pembina Pipeline Corp.’s dividend payout ratio (DPR) is 155.67%.

A number of large investors have recently bought and sold shares of PBA. Van ECK Associates Corp boosted its stake in Pembina Pipeline Corp. by 18.0% in the first quarter. Van ECK Associates Corp now owns 3,405 shares of the pipeline company’s stock worth $108,000 after buying an additional 520 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Pembina Pipeline Corp. by 9.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,801 shares of the pipeline company’s stock worth $120,000 after buying an additional 335 shares during the last quarter. Huntington National Bank boosted its stake in Pembina Pipeline Corp. by 7.6% in the first quarter. Huntington National Bank now owns 4,803 shares of the pipeline company’s stock worth $152,000 after buying an additional 341 shares during the last quarter. Check Capital Management Inc. CA bought a new stake in Pembina Pipeline Corp. during the first quarter worth about $219,000. Finally, Cornerstone Wealth Management LLC boosted its stake in Pembina Pipeline Corp. by 2.4% in the first quarter. Cornerstone Wealth Management LLC now owns 7,129 shares of the pipeline company’s stock worth $228,000 after buying an additional 164 shares during the last quarter. Institutional investors own 46.23% of the company’s stock.

Pembina Pipeline Corp. 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.

Analyst Recommendations for Pembina Pipeline Corp. (NYSE:PBA)

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