PBA FY2024 EPS Forecast Lowered by National Bank Financial

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Stock analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for Pembina Pipeline in a research note issued to investors on Wednesday, November 6th. National Bank Financial analyst P. Kenny now anticipates that the pipeline company will post earnings per share of $2.44 for the year, down from their prior estimate of $2.64. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.38 per share.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.21. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.44 billion. Pembina Pipeline had a net margin of 25.39% and a return on equity of 13.62%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share.

Several other equities analysts also recently commented on the company. UBS Group initiated coverage on Pembina Pipeline in a research note on Wednesday, September 11th. They issued a “neutral” rating on the stock. Raymond James began coverage on Pembina Pipeline in a research report on Friday, October 11th. They set an “outperform” rating on the stock. Finally, Citigroup lifted their price objective on Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Stock Down 0.6 %

Pembina Pipeline stock opened at $40.97 on Friday. The firm has a 50 day moving average price of $41.63 and a 200-day moving average price of $38.85. The company has a quick ratio of 0.55, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. Pembina Pipeline has a twelve month low of $31.51 and a twelve month high of $43.44. The company has a market capitalization of $23.78 billion, a P/E ratio of 16.93 and a beta of 1.25.

Institutional Investors Weigh In On Pembina Pipeline

Several large investors have recently added to or reduced their stakes in PBA. Quantbot Technologies LP increased its holdings in shares of Pembina Pipeline by 10,862.7% in the 1st quarter. Quantbot Technologies LP now owns 32,340 shares of the pipeline company’s stock worth $1,143,000 after buying an additional 32,045 shares during the last quarter. Cetera Advisors LLC increased its stake in Pembina Pipeline by 248.9% in the first quarter. Cetera Advisors LLC now owns 31,948 shares of the pipeline company’s stock valued at $1,129,000 after acquiring an additional 22,790 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in Pembina Pipeline by 13,721.7% during the first quarter. Hillsdale Investment Management Inc. now owns 72,702 shares of the pipeline company’s stock valued at $2,567,000 after purchasing an additional 72,176 shares in the last quarter. Intech Investment Management LLC bought a new stake in Pembina Pipeline during the first quarter worth about $1,387,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Pembina Pipeline by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 22,053,531 shares of the pipeline company’s stock worth $779,372,000 after purchasing an additional 460,761 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.69 dividend. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio (DPR) is 84.30%.

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.