Zacks Research Predicts Lower Earnings for Pembina Pipeline

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Investment analysts at Zacks Research reduced their FY2024 EPS estimates for shares of Pembina Pipeline in a research report issued to clients and investors on Tuesday, December 10th. Zacks Research analyst T. Saha now anticipates that the pipeline company will post earnings of $2.12 per share for the year, down from their prior forecast of $2.13. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.26 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.59 EPS, Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.65 EPS, FY2025 earnings at $2.19 EPS, Q1 2026 earnings at $1.49 EPS and FY2026 earnings at $2.32 EPS.

Other equities research analysts have also issued research reports about the company. Raymond James began coverage on Pembina Pipeline in a research note on Friday, October 11th. They set an “outperform” rating on the stock. Citigroup boosted their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. UBS Group assumed coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They issued a “neutral” rating for the company. Finally, Barclays began coverage on shares of Pembina Pipeline in a report on Thursday. They set an “overweight” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Price Performance

NYSE PBA opened at $38.35 on Thursday. The firm’s fifty day simple moving average is $41.65 and its two-hundred day simple moving average is $39.64. Pembina Pipeline has a 12-month low of $32.39 and a 12-month high of $43.44. The firm has a market capitalization of $22.26 billion, a P/E ratio of 15.85 and a beta of 1.24. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.69 dividend. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 annualized dividend and a dividend yield of 7.20%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is 84.30%.

Institutional Investors Weigh In On Pembina Pipeline

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Godsey & Gibb Inc. acquired a new stake in shares of Pembina Pipeline during the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC purchased a new stake in Pembina Pipeline during the third quarter worth $26,000. Safe Harbor Fiduciary LLC acquired a new stake in Pembina Pipeline during the third quarter valued at $26,000. Dunhill Financial LLC purchased a new position in Pembina Pipeline in the third quarter valued at $28,000. Finally, Blue Trust Inc. raised its position in shares of Pembina Pipeline by 223.8% in the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 508 shares during the period. 55.37% of the stock is owned by institutional investors and hedge funds.

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.