Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) Director Maureen Howe bought 2,400 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was bought at an average price of C$45.08 per share, for a total transaction of C$108,192.00.

Pembina Pipeline Corp (PPL) traded down C$0.11 during midday trading on Thursday, hitting C$44.77. 762,112 shares of the stock traded hands, compared to its average volume of 1,104,155. Pembina Pipeline Corp has a one year low of C$39.04 and a one year high of C$46.17.

The firm also recently declared a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be given a $0.18 dividend. This represents a $2.16 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Thursday, December 28th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 157.14%.

A number of research firms have weighed in on PPL. CIBC boosted their target price on shares of Pembina Pipeline from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research note on Tuesday, October 3rd. National Bank Financial boosted their target price on shares of Pembina Pipeline from C$50.00 to C$51.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. TD Securities boosted their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Scotiabank boosted their target price on shares of Pembina Pipeline from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, October 4th. Finally, J P Morgan Chase & Co boosted their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research note on Tuesday, September 26th. Nine analysts have rated the stock with a buy rating, Pembina Pipeline currently has an average rating of “Buy” and an average target price of C$50.89.

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About Pembina Pipeline

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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