Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) was upgraded by investment analysts at AltaCorp Capital from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Wednesday.

A number of other research firms have also commented on PBA. BidaskClub upgraded shares of Pembina Pipeline Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Zacks Investment Research raised shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Saturday, April 8th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Pembina Pipeline Corp. has an average rating of “Buy” and a consensus price target of $43.25.

Pembina Pipeline Corp. (NYSE PBA) opened at 34.49 on Wednesday. The stock’s 50 day moving average is $32.93 and its 200 day moving average is $32.22. Pembina Pipeline Corp. has a 1-year low of $27.44 and a 1-year high of $34.52. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 34.59 and a beta of 0.71.

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Hedge funds have recently made changes to their positions in the stock. Jarislowsky Fraser Ltd increased its stake in shares of Pembina Pipeline Corp. by 10.0% in the second quarter. Jarislowsky Fraser Ltd now owns 12,281,783 shares of the pipeline company’s stock valued at $406,177,000 after buying an additional 1,118,498 shares during the period. Winslow Evans & Crocker Inc. boosted its position in Pembina Pipeline Corp. by 31.8% in the second quarter. Winslow Evans & Crocker Inc. now owns 9,000 shares of the pipeline company’s stock valued at $298,000 after buying an additional 2,174 shares in the last quarter. Mn Services Vermogensbeheer B.V. bought a new position in Pembina Pipeline Corp. during the second quarter valued at about $2,139,000. Creative Planning boosted its position in Pembina Pipeline Corp. by 5.2% in the second quarter. Creative Planning now owns 50,515 shares of the pipeline company’s stock valued at $1,673,000 after buying an additional 2,495 shares in the last quarter. Finally, Sprott Inc. boosted its position in Pembina Pipeline Corp. by 15.4% in the second quarter. Sprott Inc. now owns 17,032 shares of the pipeline company’s stock valued at $564,000 after buying an additional 2,275 shares in the last quarter. 46.23% of the stock is currently owned by institutional investors.

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. (NYSE:PBA)

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