Pembina Pipeline Co. (TSE:PPL) Senior Officer J. Scott Burrows Sells 3,926 Shares of Stock

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Senior Officer J. Scott Burrows sold 3,926 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total value of C$213,251.68.

Pembina Pipeline Stock Performance

Shares of PPL stock opened at C$54.05 on Wednesday. The company has a market capitalization of C$31.36 billion, a P/E ratio of 16.58, a P/E/G ratio of 4.80 and a beta of 1.48. The business’s 50 day moving average is C$51.83 and its two-hundred day moving average is C$49.60. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. Pembina Pipeline Co. has a 12-month low of C$38.79 and a 12-month high of C$54.60.

Pembina Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.76 dividend on an annualized basis and a yield of 5.11%. Pembina Pipeline’s dividend payout ratio is currently 84.66%.

Analysts Set New Price Targets

Several research firms have recently commented on PPL. TD Securities boosted their price target on Pembina Pipeline from C$53.00 to C$56.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Tudor Pickering & Holt boosted their price target on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, July 5th. BMO Capital Markets boosted their price target on Pembina Pipeline from C$54.00 to C$56.00 in a research report on Friday, August 9th. National Bankshares boosted their price target on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. Finally, ATB Capital upped their target price on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average target price of C$56.38.

Pembina Pipeline Company Profile

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.