Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) Director Henry William Sykes purchased 1,000 shares of Pembina Pipeline stock in a transaction dated Wednesday, December 6th. The shares were purchased at an average price of C$44.79 per share, with a total value of C$44,790.00.

Pembina Pipeline Co. (TSE:PPL) traded up C$0.36 on Thursday, reaching C$45.09. The company had a trading volume of 720,968 shares, compared to its average volume of 1,110,124. Pembina Pipeline Co. has a 12-month low of C$39.04 and a 12-month high of C$46.17.

The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $2.16 annualized dividend and a yield of 4.79%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 157.14%.

Several equities research analysts have recently issued reports on PPL shares. Scotiabank lifted their price target on Pembina Pipeline from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 4th. National Bank Financial lifted their price target on Pembina Pipeline from C$50.00 to C$51.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. CIBC lifted their price target on Pembina Pipeline from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Tuesday, October 3rd. J P Morgan Chase & Co lifted their price target on Pembina Pipeline from C$52.00 to C$53.00 in a report on Tuesday, September 26th. Finally, TD Securities lifted their price target on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Monday, November 6th. Nine analysts have rated the stock with a buy rating, Pembina Pipeline currently has an average rating of “Buy” and a consensus target price of C$50.67.

TRADEMARK VIOLATION WARNING: “Insider Buying: Pembina Pipeline Co. (PPL) Director Buys 1,000 Shares of Stock” was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/12/07/insider-buying-pembina-pipeline-co-ppl-director-buys-1000-shares-of-stock.html.

Pembina Pipeline 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 Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline Co. and related companies with MarketBeat.com's FREE daily email newsletter.