Pembina Pipeline (TSE:PPL) Sets New 52-Week High at $51.67

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$51.67 and last traded at C$51.47, with a volume of 235626 shares. The stock had previously closed at C$51.22.

Wall Street Analysts Forecast Growth

PPL has been the subject of several research analyst reports. Citigroup boosted their target price on shares of Pembina Pipeline from C$50.00 to C$53.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Stifel Nicolaus raised their price target on Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Wells Fargo & Company upped their price objective on Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. CIBC raised their target price on Pembina Pipeline from C$57.00 to C$58.00 and gave the company an “outperform” rating in a research note on Wednesday, June 26th. Finally, National Bankshares upped their price target on shares of Pembina Pipeline from C$51.00 to C$52.00 in a research report on Wednesday, June 26th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and an average target price of C$54.50.

Pembina Pipeline Stock Up 0.4 %

The stock has a market cap of C$29.81 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. The company has a current ratio of 1.03, a quick ratio of 0.50 and a debt-to-equity ratio of 74.45. The stock’s 50-day moving average is C$50.02 and its 200-day moving average is C$47.83.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.74 by C($0.01). Pembina Pipeline had a net margin of 20.39% and a return on equity of 11.65%. The company had revenue of C$1.54 billion during the quarter, compared to the consensus estimate of C$2.50 billion. As a group, research analysts anticipate that Pembina Pipeline Co. will post 3.1496556 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 17th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a dividend yield of 5.37%. Pembina Pipeline’s dividend payout ratio (DPR) is 88.75%.

Insider Activity

In other news, Senior Officer J. Scott Burrows bought 1,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of C$50.19 per share, with a total value of C$50,190.00. In other Pembina Pipeline news, Senior Officer J. Scott Burrows bought 1,000 shares of Pembina Pipeline stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average cost of C$50.19 per share, for a total transaction of C$50,190.00. Also, Director Henry William Sykes acquired 1,984 shares of Pembina Pipeline stock in a transaction dated Tuesday, April 9th. The shares were bought at an average cost of C$48.44 per share, with a total value of C$96,098.02. Insiders sold a total of 56,037 shares of company stock worth $2,822,669 over the last 90 days. 0.04% of the stock is currently owned by company insiders.

About Pembina Pipeline

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.