Shares of Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) hit a new 52-week high on Monday after TD Securities raised their price target on the stock from C$52.00 to C$53.00. TD Securities currently has a buy rating on the stock. Pembina Pipeline Corp traded as high as C$44.94 and last traded at C$44.92, with a volume of 495116 shares changing hands. The stock had previously closed at C$44.40.

Several other brokerages also recently weighed in on PPL. J P Morgan Chase & Co increased their target price on Pembina Pipeline Corp from C$52.00 to C$53.00 in a research note on Tuesday, September 26th. Scotiabank raised their price objective on Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 4th. National Bank Financial raised their price objective on Pembina Pipeline Corp from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Friday. CIBC raised their price objective on Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 3rd. Finally, AltaCorp Capital upgraded Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 19th. Nine analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of C$50.56.

In other Pembina Pipeline Corp news, insider Michael H. Dilger purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of C$32.32 per share, with a total value of C$323,200.00.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 25th will be given a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 4.79%. This is a positive change from Pembina Pipeline Corp’s previous monthly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, October 24th.

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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.

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