Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has earned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $45.00.

PBA has been the subject of several analyst reports. Zacks Investment Research cut shares of Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. 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. AltaCorp Capital reaffirmed an “outperform” rating on shares of Pembina Pipeline Corp. in a research report on Wednesday, May 3rd. Finally, BidaskClub raised shares of Pembina Pipeline Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th.

A number of institutional investors have recently made changes to their positions in PBA. Montrusco Bolton Investments Inc. boosted its position in shares of Pembina Pipeline Corp. by 3.6% in the first quarter. Montrusco Bolton Investments Inc. now owns 1,625,987 shares of the pipeline company’s stock worth $51,377,000 after buying an additional 57,165 shares during the last quarter. AMF Pensionsforsakring AB raised its position in Pembina Pipeline Corp. by 2.4% in the first quarter. AMF Pensionsforsakring AB now owns 212,748 shares of the pipeline company’s stock worth $6,722,000 after buying an additional 4,959 shares in the last quarter. Miller Howard Investments Inc. NY raised its position in Pembina Pipeline Corp. by 18.9% in the first quarter. Miller Howard Investments Inc. NY now owns 983,305 shares of the pipeline company’s stock worth $31,181,000 after buying an additional 156,453 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Pembina Pipeline Corp. by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 7,578 shares of the pipeline company’s stock worth $240,000 after buying an additional 128 shares in the last quarter. Finally, Korea Investment CORP purchased a new position in Pembina Pipeline Corp. during the first quarter worth $1,310,000. Institutional investors own 46.73% of the company’s stock.

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Pembina Pipeline Corp. (NYSE PBA) traded up 0.66% during trading on Friday, hitting $32.02. The stock had a trading volume of 530,492 shares. The company’s 50 day moving average is $33.51 and its 200 day moving average is $32.45. The firm has a market cap of $12.90 billion, a PE ratio of 31.39 and a beta of 0.71. Pembina Pipeline Corp. has a 52-week low of $27.44 and a 52-week high of $34.97.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.08. Pembina Pipeline Corp. had a return on equity of 8.59% and a net margin of 12.12%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. Equities research analysts forecast that Pembina Pipeline Corp. will post $1.36 earnings per share for the current year.

The business also recently disclosed a aug 17 dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.17 per share. This represents a yield of 4.85%. The ex-dividend date is Wednesday, August 23rd. Pembina Pipeline Corp.’s dividend payout ratio is currently 161.86%.

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.

Analyst Recommendations for Pembina Pipeline Corp. (NYSE:PBA)

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