Pembina Pipeline Corp. (NYSE:PBA) fell 0.2% on Friday . The company traded as low as $30.26 and last traded at $30.45, with a volume of 77,810 shares. The stock had previously closed at $30.51.

A number of research firms recently weighed in on PBA. Zacks Investment Research downgraded shares of Pembina Pipeline Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 15th. Credit Suisse Group AG downgraded shares of Pembina Pipeline Corp. from an “outperform” rating to a “neutral” rating in a research note on Monday, June 20th. Desjardins reissued a “top pick” rating on shares of Pembina Pipeline Corp. in a research note on Tuesday, April 26th. TheStreet raised shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a research note on Monday, April 25th. Finally, GMP Securities reissued a “buy” rating on shares of Pembina Pipeline Corp. in a research note on Monday, June 27th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $41.18.

The company has a 50-day moving average of $30.20 and a 200 day moving average of $26.25. The firm has a market capitalization of $11.73 billion and a price-to-earnings ratio of 41.94.

Pembina Pipeline Corp. (NYSE:PBA) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.07. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.36 billion. Pembina Pipeline Corp.’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, equities analysts forecast that Pembina Pipeline Corp. will post $1.25 EPS for the current fiscal year.

The firm also recently disclosed a jul 16 dividend, which will be paid on Monday, August 15th. Investors of record on Monday, July 25th will be issued a $0.16 dividend. The ex-dividend date is Thursday, July 21st. This represents a yield of 4.94%.

Other hedge funds and institutional investors have modified their holdings of the company. Bank of Montreal Can raised its position in shares of Pembina Pipeline Corp. by 12.6% in the fourth quarter. Bank of Montreal Can now owns 9,379,968 shares of the company’s stock worth $204,108,000 after buying an additional 1,048,886 shares during the period. I.G. Investment Management LTD. raised its position in Pembina Pipeline Corp. by 27.1% in the fourth quarter. I.G. Investment Management LTD. now owns 1,286,553 shares of the company’s stock valued at $28,048,000 after buying an additional 274,648 shares during the last quarter. State of Wisconsin Investment Board raised its position in Pembina Pipeline Corp. by 45.5% in the fourth quarter. State of Wisconsin Investment Board now owns 398,595 shares of the company’s stock valued at $8,651,000 after buying an additional 124,726 shares during the last quarter. Heronetta Management L.P. raised its position in Pembina Pipeline Corp. by 9.5% in the fourth quarter. Heronetta Management L.P. now owns 149,587 shares of the company’s stock valued at $4,510,000 after buying an additional 13,000 shares during the last quarter. Finally, Jacobson & Schmitt Advisors LLC raised its position in Pembina Pipeline Corp. by 4.2% in the fourth quarter. Jacobson & Schmitt Advisors LLC now owns 125,610 shares of the company’s stock valued at $2,733,000 after buying an additional 5,090 shares during the last quarter.

Pembina Pipeline Corporation (Pembina) is an energy transportation and service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Conventional Pipelines 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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