Pembina Pipeline Co. (TSE:PPL) to Issue Quarterly Dividend of $0.69

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.69 per share on Tuesday, December 31st. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Monday, December 16th.

Pembina Pipeline Price Performance

Shares of TSE:PPL traded up C$0.56 during trading on Thursday, reaching C$57.13. 1,654,931 shares of the company traded hands, compared to its average volume of 2,721,592. The company's 50 day moving average is C$56.79 and its two-hundred day moving average is C$53.02. The firm has a market capitalization of C$33.15 billion, a PE ratio of 17.48, a PEG ratio of 1.58 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a 52 week low of C$43.37 and a 52 week high of C$59.86.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter, missing the consensus estimate of C$0.79 by C($0.19). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The business had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$2.03 billion. As a group, sell-side analysts predict that Pembina Pipeline will post 3.439908 earnings per share for the current year.

Insider Activity at Pembina Pipeline

In related news, Senior Officer Jaret Sprott sold 37,414 shares of the company's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total value of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. 0.05% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. ATB Capital upped their price objective on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Wednesday, July 24th. Citigroup upped their target price on Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. BMO Capital Markets upped their target price on Pembina Pipeline from C$56.00 to C$58.00 in a report on Thursday, September 5th. CIBC upped their target price on Pembina Pipeline from C$59.00 to C$60.00 in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. upped their target price on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a "hold" rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$58.29.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.