Pembina Pipeline Corp (PPL) Insider Buys C$323,200.00 in Stock
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) insider Michael H. Dilger purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average price of C$32.32 per share, with a total value of C$323,200.00.
Pembina Pipeline Corp (PPL) traded down 1.74% during midday trading on Tuesday, reaching $40.00. The company’s stock had a trading volume of 509,548 shares. The firm has a market capitalization of $16.12 billion and a P/E ratio of 31.25. The company’s 50-day moving average is $42.63 and its 200 day moving average is $42.88. Pembina Pipeline Corp has a 52 week low of $37.25 and a 52 week high of $44.65.
The company also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.04 annualized dividend and a yield of 5.01%.
WARNING: “Pembina Pipeline Corp (PPL) Insider Buys C$323,200.00 in Stock” was posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/08/15/pembina-pipeline-corp-ppl-insider-buys-c323200-00-in-stock.html.
Several brokerages recently weighed in on PPL. TD Securities lifted their price target on Pembina Pipeline Corp from C$51.00 to C$52.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. AltaCorp Capital upgraded Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. Desjardins lifted their price target on Pembina Pipeline Corp from C$49.00 to C$50.00 and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Raymond James Financial, Inc. cut their price target on Pembina Pipeline Corp from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Tuesday, May 2nd. Finally, Royal Bank Of Canada lifted their price target on Pembina Pipeline Corp from C$50.00 to C$52.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. Nine equities research analysts have rated the stock with a buy rating, Pembina Pipeline Corp presently has a consensus rating of “Buy” and a consensus price target of C$48.67.
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.
Receive News & Ratings for Pembina Pipeline Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline Corp and related companies with MarketBeat.com's FREE daily email newsletter.