Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The firm currently has a $35.00 price target on the pipeline company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 10.94% from the company’s current price.

According to Zacks, “Pembina Pipeline Corporation operates as an energy transportation and service provider. The Company operates in four segments; Conventional Pipelines, Oil Sands & Heavy Oil, Midstream & Marketing, and Gas Services. The Conventional Pipelines segment operates a pipeline network that transports crude oil, condensate, and natural gas liquids in Alberta and British Columbia. The Oil Sands & Heavy Oil segment owns and operates pipelines which deliver synthetic crude oil produced from oil sands. The Midstream & Marketing segment offers storage, terminal, and hub services. The Gas Services segment consists of natural gas gathering and processing facilities. Pembina Pipeline Corporation, formerly known as Pembina Pipeline Income Fund, is headquartered in Calgary, Canada. “

A number of other equities analysts have also issued reports on the stock. 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. Desjardins lowered shares of Pembina Pipeline Corp from a “top pick” rating to a “buy” rating in a research report on Monday, February 27th. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of Pembina Pipeline Corp in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $42.50.

Analyst Recommendations for Pembina Pipeline Corp (NYSE:PBA)

Pembina Pipeline Corp (NYSE:PBA) opened at 32.58 on Friday. The company has a market capitalization of $13.06 billion, a P/E ratio of 34.92 and a beta of 0.72. Pembina Pipeline Corp has a 1-year low of $27.44 and a 1-year high of $33.52. The firm’s 50-day moving average is $32.22 and its 200-day moving average is $31.34.

Pembina Pipeline Corp (NYSE:PBA) last announced its earnings results on Thursday, February 23rd. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. Pembina Pipeline Corp had a net margin of 10.94% and a return on equity of 6.96%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Pembina Pipeline Corp’s revenue was up .7% compared to the same quarter last year. Equities research analysts predict that Pembina Pipeline Corp will post $1.33 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th will be paid a dividend of $0.124 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $1.49 dividend on an annualized basis and a yield of 4.72%. This is an increase from Pembina Pipeline Corp’s previous monthly dividend of $0.12. Pembina Pipeline Corp’s payout ratio is currently 181.01%.

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Large investors have recently bought and sold shares of the company. Lombard Odier Asset Management Europe Ltd acquired a new stake in Pembina Pipeline Corp during the third quarter worth $384,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Pembina Pipeline Corp by 35.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 359,011 shares of the pipeline company’s stock worth $10,921,000 after buying an additional 93,475 shares in the last quarter. Jane Street Group LLC increased its stake in Pembina Pipeline Corp by 354.9% in the third quarter. Jane Street Group LLC now owns 48,259 shares of the pipeline company’s stock worth $1,470,000 after buying an additional 37,651 shares in the last quarter. Capital World Investors increased its stake in Pembina Pipeline Corp by 1.0% in the third quarter. Capital World Investors now owns 11,182,366 shares of the pipeline company’s stock worth $340,768,000 after buying an additional 114,620 shares in the last quarter. Finally, Nuveen Fund Advisors LLC acquired a new stake in Pembina Pipeline Corp during the third quarter worth $281,000. Hedge funds and other institutional investors own 46.14% of the company’s stock.

About Pembina Pipeline Corp

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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