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

PBA has been the subject of a number of recent research reports. TD Securities reissued a “buy” rating and issued a $41.00 target price (up previously from $40.00) on shares of Pembina Pipeline Corp. in a research report on Tuesday, May 10th. Canaccord Genuity reissued a “buy” rating and issued a $41.00 target price (up previously from $39.00) on shares of Pembina Pipeline Corp. in a research report on Tuesday, May 10th. TheStreet raised shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a research report on Monday, April 25th. GMP Securities reissued a “buy” rating on shares of Pembina Pipeline Corp. in a research report on Monday, June 27th. Finally, Zacks Investment Research cut shares of Pembina Pipeline Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 31st. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company 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 PE ratio of 40.72. The company has a 50-day moving average of $30.41 and a 200 day moving average of $26.78.

Pembina Pipeline Corp. (NYSE:PBA) last announced its earnings results on Thursday, May 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.07. The firm earned $1.02 billion during the quarter, compared to analysts’ expectations of $1.36 billion. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. On average, analysts forecast that Pembina Pipeline Corp. will post $0.95 EPS for the current year.

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

Several large investors have made changes to their positions in PBA. Dimensional Fund Advisors LP raised its stake 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 in the last quarter. State of Wisconsin Investment Board raised its stake 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 in the last quarter. I.G. Investment Management LTD. raised its stake 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 in the last quarter. Finally, Bank of Montreal Can raised its stake 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 in 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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