FY2024 Earnings Estimate for Pembina Pipeline Co. (NYSE:PBA) Issued By Atb Cap Markets

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Atb Cap Markets boosted their FY2024 earnings per share estimates for Pembina Pipeline in a research note issued on Monday, September 9th. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will post earnings of $2.35 per share for the year, up from their prior forecast of $2.32. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.37 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q1 2025 earnings at $0.59 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.60 EPS, Q4 2025 earnings at $0.62 EPS, FY2025 earnings at $2.42 EPS and FY2026 earnings at $2.58 EPS.

Other research analysts have also recently issued reports about the company. Scotiabank cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 19th. Citigroup lifted their price target on Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. Finally, UBS Group initiated coverage on Pembina Pipeline in a research report on Wednesday. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $56.50.

Pembina Pipeline Stock Up 1.2 %

Shares of PBA stock opened at $40.80 on Wednesday. The stock has a 50 day moving average of $38.79 and a 200 day moving average of $36.92. The company has a current ratio of 0.68, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77. The stock has a market cap of $23.66 billion, a P/E ratio of 17.74, a P/E/G ratio of 5.70 and a beta of 1.25. Pembina Pipeline has a twelve month low of $28.15 and a twelve month high of $41.21.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.21. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. Pembina Pipeline’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share.

Institutional Trading of Pembina Pipeline

A number of institutional investors and hedge funds have recently made changes to their positions in PBA. Natixis Advisors L.P. increased its position in shares of Pembina Pipeline by 9.7% during the fourth quarter. Natixis Advisors L.P. now owns 22,678 shares of the pipeline company’s stock worth $780,000 after purchasing an additional 2,006 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Pembina Pipeline during the fourth quarter worth approximately $142,000. Dimensional Fund Advisors LP increased its position in shares of Pembina Pipeline by 7.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,795,502 shares of the pipeline company’s stock worth $61,801,000 after purchasing an additional 120,191 shares in the last quarter. Checchi Capital Advisers LLC purchased a new stake in shares of Pembina Pipeline during the fourth quarter worth approximately $225,000. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Pembina Pipeline by 21.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 11,285 shares of the pipeline company’s stock worth $388,000 after purchasing an additional 2,001 shares in the last quarter. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date is Monday, September 16th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 86.52%.

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.