Shares of Pembina Pipeline Corp. (NYSE:PBA) saw unusually-strong trading volume on Thursday . Approximately 442,966 shares traded hands during trading, an increase of 54% from the previous session’s volume of 287,995 shares.The stock last traded at $30.65 and had previously closed at $30.67.

A number of equities analysts have issued reports on PBA shares. CIBC reaffirmed an “outperform” rating and set a $44.00 price target on shares of Pembina Pipeline Corp. in a research note on Sunday, March 20th. Credit Suisse Group AG lowered Pembina Pipeline Corp. from an “outperform” rating to a “neutral” rating in a research note on Monday, June 20th. BMO Capital Markets reaffirmed an “outperform” rating and set a $37.00 price target on shares of Pembina Pipeline Corp. in a research note on Friday, April 1st. Haywood Securities reaffirmed a “buy” rating and set a $43.00 price target (up from $42.00) on shares of Pembina Pipeline Corp. in a research note on Tuesday, March 22nd. Finally, TD Securities reaffirmed a “buy” rating and set a $41.00 price target (up from $40.00) on shares of Pembina Pipeline Corp. in a research note on Tuesday, May 10th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Pembina Pipeline Corp. presently has an average rating of “Buy” and a consensus target price of $41.18.

The firm has a market capitalization of $11.89 billion and a P/E ratio of 42.75. The stock’s 50 day moving average price is $30.39 and its 200-day moving average price is $26.47.

Pembina Pipeline Corp. (NYSE:PBA) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.07. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.36 billion. The firm’s revenue was down 11.9% compared to the same quarter last year. Equities research analysts expect that Pembina Pipeline Corp. will post $1.25 EPS for the current fiscal year.

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

A number of institutional investors have made changes to their positions in PBA. Jacobson & Schmitt Advisors LLC boosted its position in shares of 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 period. State of Wisconsin Investment Board boosted its position in shares of 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 period. Bank of Montreal Can boosted 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 valued at $204,108,000 after buying an additional 1,048,886 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Pembina Pipeline Corp. by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 66,642 shares of the company’s stock valued at $1,450,000 after buying an additional 1,714 shares during the period. Finally, I.G. Investment Management LTD. boosted its position in shares of 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 period.

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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