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
TOP PICK
It is forming a nice break out and he likes the dividend. He thinks it can target highs just below $50 going forward. Yield 5.06% (Analysts’ price target is $55.81)
HOLD
They have been a good performer with a good yield. It won't catch hold until investors return to the space, but a great income play. Yield 5%
TOP PICK
They are a safe way to play the bounce back. Third quarter results were in line. There is capital spending increasing modestly. The dividend is increasing modestly. He just picked this one up. It has a nice trend. (Analysts’ price target is $55.81)
DON'T BUY

The payout ratio on PPL is about 98%, so there is not a lot of wiggle room. He does not own this one. The company is looking to buy KML. He has a short on this simply because they are already long KML. The balance sheet is better than most pipelines out there. However, it does not score cheaply enough on valuations for him to want to buy today. Yield 5.2%

HOLD
He sold it a while ago, his third-favourite pipeline. A long-term hold that's well-managed and pays a good dividend. They probably can't grow by acquisition with nothing to buy. A hold.
BUY
He is bullish on the space. You want to be in a space that is highly utilized. He really likes this name. Their network in Canada is unrivaled.
DON'T BUY
There's a lot of political noise in this space, not to mention interest rates and oil prices. Don't be in this space now. The energy space is weak in October-November. PPL is in a downward trend.
BUY
It has a nice dividend but is nicely positioned so they have a lot of tie-ins without having to spend a lot of capital. It is a nice balance between income and growth.
BUY
He doesn't like oil and gas producers--they're price-takers, not price-makers. He likes pipelines though. In Canada, pipelines are homogenous/interchangeable. All of them will grow their dividends though; historically they have. A good company.
HOLD

PPL-T fine holding, but he prefers to hold ENB-T as the yield is 6.5%. Both are good holds. The balance sheets are not stretched. At $50, PPL-T is getting to upper end of his value band.

TOP PICK

They beat Q2 and it has a strong balance sheet. They have rich pipelines, and he is modelling 7% free cash flow per share growth. They brought Kinder Morgan that increases their options.

TOP PICK
It has been flat for the last few months. They have a lot of organic growth ahead of them. Good dividend growth. You want to own it for the long term. (Analysts’ price target is $56.18)
BUY
They've done well vs. their peers. They just did an acquisition, and they have a good track record of buys. It's a stable business, not super high growth, but the dividend will continue to grow. Good to own.
TOP PICK

Nice income stock. Pipeline plus midstream operations. Footprint well-placed in western Canada. Recent acquisitions of Kinder Morgan and half a US pipeline. Good capital plan, well funded. Payout ratio is 55%. Mid-high single digit range of increasing cash flow. Increasing dividend. Yield is 4.92%. (Analysts’ price target is $56.18)

BUY
He has lately been taking a serious look at it. He does not see any reason to switch from any of the others, but for someone new coming into this sector this would be a Top Pick in the sector.
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