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%.

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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.

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