Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) had its price target hoisted by Scotiabank from C$49.00 to C$50.00 in a research note issued to investors on Wednesday. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently weighed in on the stock. J P Morgan Chase & Co lifted their price target on shares of Pembina Pipeline Corp from C$52.00 to C$53.00 in a research report on Tuesday, September 26th. AltaCorp Capital raised shares of Pembina Pipeline Corp from a sector perform rating to an outperform rating in a research report on Wednesday, July 19th. TD Securities lifted their price target on shares of Pembina Pipeline Corp from C$51.00 to C$52.00 and gave the company a buy rating in a research report on Thursday, August 3rd. Finally, CIBC lifted their price target on shares of Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the company an outperform rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a buy rating, Pembina Pipeline Corp has a consensus rating of Buy and a consensus target price of C$49.67.

Pembina Pipeline Corp (TSE:PPL) traded down 0.76% during midday trading on Wednesday, reaching $42.84. 1,628,609 shares of the company’s stock were exchanged. The firm has a market capitalization of $17.26 billion and a P/E ratio of 33.47. Pembina Pipeline Corp has a 52 week low of $37.25 and a 52 week high of $44.65. The stock’s 50 day moving average is $41.31 and its 200 day moving average is $42.67.

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The company also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, October 25th will be given a dividend of $0.18 per share. This is a boost from Pembina Pipeline Corp’s previous monthly dividend of $0.17. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend is Tuesday, October 24th.

In other news, insider Michael H. Dilger bought 10,000 shares of Pembina Pipeline Corp stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of C$32.32 per share, with a total value of C$323,200.00.

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 (TSE:PPL)

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