TSE:PPL

Pembina Pipeline Corp (PPL.TO)

71.08
-0.23 (0.32%)
as of Jul 21, 2026, 8:00:00 pm Market Open.
1161 watching
0
Investor Insights
star iconJul 21, 2026, 12:00 am

This summary was created by AI, based on 49 opinions in the last 12 months.

Pembina Pipeline Corp (PPL) has received a mix of bullish and cautious reviews from analysts. While many highlight its strong positioning in the natural gas sector and potential for growth through projects like LNG exports, there are concerns about its valuation and recent performance. The company's fundamentals remain solid, backed by long-term contracts that provide stability and a decent dividend yield. Analysts note that PPL offers a good risk/reward profile in the energy infrastructure space, with expectations for future growth despite current market challenges. However, some analysts suggest a careful approach, with the possibility of pullbacks and concerns regarding tolling disputes affecting values.

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Consensus
Buy
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Valuation
Fair Value
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Similar
ENB
PAST TOP PICK
(A Top Pick Feb 13/19, Up 16%) Great income stock. Continues to increase the dividend of 4.8%. Very well placed in western Canada, also in the US. Can grow its cash flow by mid-single digits each year.
BUY

Suncor vs. Pembina Investor sentiment for oil is very weak, but Suncor is among the better performers in the last decade because their Oil Sands assets have such a long life that they don't have to keep investing money each year to maintain that production. Ultimately, Canada needs to see takeaway capacity to improve. He owns Pembina which is not as directly effected by the oil price. Suncor is an oil play; Pembina is an income play. Either one is fine.

BUY
Safe dividend? Yes, very. PPL has take-or-pay contracts with producer, which are guaranteed payments. Management does a good job keeping risk low. They just made an acquisition, so their balance sheet is a little higher than usual, but this will come down in coming quarters. Their purchase in strategic--two pipelines and a storage facility. A very safe stock, despite a little volatility.
PAST TOP PICK
(A Top Pick Nov 22/19, Up 7%) Bit of overhead resistance now. If it starts to fail at current prices, they may have to ditch it. He's keeping an eye on it.
BUY

Kinder Morgan sold 5% of PPL shares, then the stock went up--so that overhang is now gone. Also, PPL just released details of their new petrochemical project, which helps de-risk PPL. That's why this stock jumped $2. Dividend is growing by 6%. He expects 8% free cash flow per share growth. PPL is a good, growing name with new projects. The whole sector is expensive though. A fine name overall at the current price.

COMMENT

He owns ENB and TRP instead. He sold this to reduce his exposure in the area. Nothing wrong with the company, he just sees better dividend and capital growth opportunities with the others. Yield 5.3%

PAST TOP PICK
(A Top Pick Nov 22/19, Up 3%) Bought this as a defensive move. Pays a 5% dividend and won't move down too much if there is a market pullback.
WAIT
Better than IPL. He's waiting for a breakout above current levels, but more level it will stall before rising in February-March (due to a market pullback, he predicts). Be patient.
TOP PICK
It is a great way to play energy. It has had a long base pattern. It pays a nice dividend. They are adding propane capacity. He expects the share price to accelerate. He expects the dividend to increase. (Analysts’ price target is $54.93)
TOP PICK

A well-run energy infrastructure storage name. They closed the Kinder Morgan Canada purchase today. Reasonable growth ahead and trades at an attractive valuation at 10x cash flow. It pays over a 4% dividend yield. (Analysts’ price target is $55.26)

PAST TOP PICK

(A Top Pick Dec 11/18, Up 14%) She still likes this holding. An attractive yield. They expect the acquisition of Kinder Morgan Canada to close mid-December. This will allow them to increase the dividend by 5%. This is still an attractive place to accumulate shares. Very attractive long term prospects. Yield 5%

HOLD
They missed on Q3 earnings, but they have announced new projects that will help create 8% free cash flow growth. They have a nice dividend supported by a low payout ratio of 55%. They are buying out KinderMorgan Canada.
COMMENT
Nice yield, but the earnings have peaked and are sliding a little bit. This can rise to $54. But earnings are edging off which worries him. Could fall as low as $39, which it has touched twice this year. It trades at 1.5-2x book value and is rangebound.
HOLD
Has been a big winner in infrastructure of the Canadian energy sector. Has grown through acquisition. One of the few stocks still holding their high in the whole energy sector. Their acquisition of Kinder Morgan makes them a bigger player. Will probably benefit from the synergy. He would continue to hold.
BUY
Great long-term investment. Great midstream processor. Good investment here.
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