Pembina Pipeline Co. (NYSE:PBA) Forecasted to Earn Q3 2024 Earnings of $0.61 Per Share

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Analysts at Atb Cap Markets upped their Q3 2024 earnings estimates for shares of Pembina Pipeline in a report issued on Thursday, June 27th. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will post earnings per share of $0.61 for the quarter, up from their previous forecast of $0.60. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.32 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.66 EPS, Q1 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.63 EPS and FY2026 earnings at $2.79 EPS.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, May 9th. The pipeline company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.33%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.83 billion.

Other research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Monday, May 13th. CIBC upped their price target on shares of Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a report on Friday, April 19th. Finally, Scotiabank cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 19th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Hold” and an average target price of $52.00.

Pembina Pipeline Trading Down 0.6 %

Shares of NYSE PBA opened at $36.86 on Monday. Pembina Pipeline has a 1-year low of $28.15 and a 1-year high of $37.67. The company has a market cap of $21.37 billion, a PE ratio of 16.02, a P/E/G ratio of 5.33 and a beta of 1.25. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average of $36.48 and a two-hundred day moving average of $35.21.

Hedge Funds Weigh In On Pembina Pipeline

Institutional investors and hedge funds have recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new stake in Pembina Pipeline during the fourth quarter worth approximately $25,000. Baystate Wealth Management LLC bought a new stake in Pembina Pipeline during the fourth quarter worth $34,000. Beacon Capital Management LLC purchased a new stake in Pembina Pipeline in the first quarter worth $37,000. EverSource Wealth Advisors LLC increased its position in Pembina Pipeline by 74.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock worth $37,000 after buying an additional 462 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of Pembina Pipeline by 303.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company’s stock valued at $52,000 after purchasing an additional 1,142 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a dividend of $0.501 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.44%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, June 17th. Pembina Pipeline’s dividend payout ratio is presently 86.96%.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.