Pembina Pipeline Corp. (NYSE:PBA) shares fell 2.2% on Friday . The stock traded as low as $29.12 and last traded at $29.18, with a volume of 77,287 shares traded. The stock had previously closed at $29.83.

Several analysts have recently commented on PBA shares. Desjardins restated a “top pick” rating on shares of Pembina Pipeline Corp. in a research report on Tuesday, April 26th. BMO Capital Markets restated an “outperform” rating and set a $37.00 price objective on shares of Pembina Pipeline Corp. in a research report on Friday, April 1st. TheStreet upgraded shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a research report on Monday, April 25th. Zacks Investment Research upgraded shares of Pembina Pipeline Corp. from a “sell” rating to a “hold” rating in a research report on Friday, June 24th. Finally, Credit Suisse Group AG restated an “outperform” rating and set a $40.00 price objective on shares of Pembina Pipeline Corp. in a research report on Thursday, April 7th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $41.18.

The firm has a market capitalization of $11.41 billion and a price-to-earnings ratio of 40.72. The company has a 50-day moving average price of $30.43 and a 200 day moving average price of $26.73.

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

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

Several hedge funds have added to or reduced their stakes in PBA. Bank of Montreal Can increased its stake in 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. I.G. Investment Management LTD. increased its stake 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 period. State of Wisconsin Investment Board increased its stake 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 period. Jacobson & Schmitt Advisors LLC increased its stake 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 period. Finally, Dimensional Fund Advisors LP increased its stake in 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.

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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