JPMorgan Chase & Co. started coverage on shares of Pembina Pipeline Corp. (NYSE:PBA) in a research note issued to investors on Thursday. The firm issued an overweight rating on the stock.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Pembina Pipeline Corp. from a sell rating to a hold rating in a research report on Tuesday. Canaccord Genuity reissued a buy rating on shares of Pembina Pipeline Corp. in a research report on Thursday, September 8th. Scotiabank reissued an outperform rating and set a $44.00 target price on shares of Pembina Pipeline Corp. in a research report on Wednesday, August 10th. TD Securities reaffirmed a buy rating and set a $44.00 price objective (up previously from $41.00) on shares of Pembina Pipeline Corp. in a research report on Wednesday, August 10th. Finally, RBC Capital Markets reaffirmed an outperform rating and set a $45.00 price objective (up previously from $42.00) on shares of Pembina Pipeline Corp. in a research report on Wednesday, August 10th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $41.75.

Shares of Pembina Pipeline Corp. (NYSE:PBA) traded down 0.03% during trading on Thursday, reaching $30.60. 49,215 shares of the company were exchanged. The firm’s 50 day moving average price is $30.24 and its 200 day moving average price is $29.59. The company has a market capitalization of $12.00 billion, a PE ratio of 37.41 and a beta of 0.68. Pembina Pipeline Corp. has a one year low of $17.88 and a one year high of $32.31.

Pembina Pipeline Corp. (NYSE:PBA) last released its earnings results on Thursday, August 4th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.50 billion. Pembina Pipeline Corp. had a net margin of 10.63% and a return on equity of 7.13%. The business’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. Equities research analysts forecast that Pembina Pipeline Corp. will post $0.89 earnings per share for the current fiscal year.

The company also recently disclosed a oct 16 dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, October 25th will be issued a $0.16 dividend. This represents a yield of 4.78%. The ex-dividend date is Friday, October 21st. Pembina Pipeline Corp.’s dividend payout ratio (DPR) is currently 179.27%.

A number of large investors have recently made changes to their positions in PBA. Bank of Montreal Can purchased a new stake in shares of Pembina Pipeline Corp. during the second quarter valued at $330,186,000. Legal & General Group Plc raised its stake in shares of Pembina Pipeline Corp. by 6.4% in the first quarter. Legal & General Group Plc now owns 1,577,210 shares of the company’s stock valued at $42,810,000 after buying an additional 95,256 shares during the period. British Columbia Investment Management Corp purchased a new stake in shares of Pembina Pipeline Corp. during the second quarter valued at $1,334,000. K.J. Harrison & Partners Inc raised its stake in shares of Pembina Pipeline Corp. by 0.7% in the second quarter. K.J. Harrison & Partners Inc now owns 8,270 shares of the company’s stock valued at $250,000 after buying an additional 60 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Pembina Pipeline Corp. by 6.9% in the first quarter. Franklin Resources Inc. now owns 17,403 shares of the company’s stock valued at $471,000 after buying an additional 1,128 shares during the period. 46.58% of the stock is owned by institutional investors.

About Pembina Pipeline Corp.

Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.

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