BidaskClub cut shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) from a sell rating to a strong sell rating in a research note issued to investors on Monday.

A number of other research firms have also weighed in on PBA. Zacks Investment Research upgraded shares of Pembina Pipeline Corp. from a hold rating to a buy rating and set a $39.00 target price on the stock in a report on Friday, July 21st. AltaCorp Capital upgraded shares of Pembina Pipeline Corp. from a sector perform rating to an outperform rating in a research note on Wednesday, July 19th. Finally, National Bank Financial upgraded shares of Pembina Pipeline Corp. from a sector perform rating to an outperform rating in a research note on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. Pembina Pipeline Corp. presently has a consensus rating of Buy and an average price target of $43.00.

Shares of Pembina Pipeline Corp. (NYSE PBA) opened at 31.81 on Monday. Pembina Pipeline Corp. has a 52-week low of $27.44 and a 52-week high of $34.97. The firm has a market cap of $12.82 billion, a P/E ratio of 31.19 and a beta of 0.71. The company has a 50 day moving average price of $33.45 and a 200-day moving average price of $32.47.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last posted its earnings results on Tuesday, August 1st. The pipeline company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.08. Pembina Pipeline Corp. had a return on equity of 8.59% and a net margin of 12.12%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the company earned $0.25 EPS. The company’s revenue was up 13.5% on a year-over-year basis. On average, analysts expect that Pembina Pipeline Corp. will post $1.37 earnings per share for the current fiscal year.

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The company also recently disclosed a aug 17 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 is Wednesday, August 23rd. This represents a yield of 4.85%. Pembina Pipeline Corp.’s dividend payout ratio (DPR) is 161.86%.

A number of large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its stake in Pembina Pipeline Corp. by 133.4% in the second quarter. The Manufacturers Life Insurance Company now owns 3,121,883 shares of the pipeline company’s stock valued at $103,718,000 after buying an additional 1,784,451 shares during the period. Bank of Montreal Can raised its stake in Pembina Pipeline Corp. by 13.9% in the second quarter. Bank of Montreal Can now owns 12,169,430 shares of the pipeline company’s stock valued at $403,051,000 after buying an additional 1,488,648 shares during the period. Kayne Anderson Capital Advisors LP raised its stake in Pembina Pipeline Corp. by 199.6% in the second quarter. Kayne Anderson Capital Advisors LP now owns 1,737,700 shares of the pipeline company’s stock valued at $57,545,000 after buying an additional 1,157,700 shares during the period. Jarislowsky Fraser Ltd raised its stake in Pembina Pipeline Corp. by 10.0% in the second quarter. Jarislowsky Fraser Ltd now owns 12,281,783 shares of the pipeline company’s stock valued at $406,177,000 after buying an additional 1,118,498 shares during the period. Finally, Jennison Associates LLC raised its stake in Pembina Pipeline Corp. by 502.2% in the second quarter. Jennison Associates LLC now owns 1,271,009 shares of the pipeline company’s stock valued at $42,096,000 after buying an additional 1,059,961 shares during the period. Hedge funds and other institutional investors own 47.29% of the company’s stock.

About Pembina Pipeline Corp.

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.

Analyst Recommendations for Pembina Pipeline Corp. (NYSE:PBA)

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