PBA FY2024 EPS Decreased by National Bank Financial

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Investment analysts at National Bank Financial dropped their FY2024 earnings per share estimates for Pembina Pipeline in a report released on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the pipeline company will post earnings of $2.37 per share for the year, down from their previous forecast of $2.44. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.25 per share. National Bank Financial also issued estimates for Pembina Pipeline’s FY2028 earnings at $2.69 EPS.

Several other research analysts have also weighed in on PBA. Barclays initiated coverage on Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating on the stock. Raymond James initiated coverage on Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating on the stock. Finally, Wells Fargo & Company cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Price Performance

PBA stock opened at $36.96 on Wednesday. The firm has a 50-day moving average of $39.37 and a two-hundred day moving average of $39.65. The firm has a market capitalization of $21.46 billion, a PE ratio of 15.27 and a beta of 1.25. 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 has a one year low of $32.81 and a one year high of $43.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. PDT Partners LLC acquired a new position in Pembina Pipeline during the third quarter worth $1,329,000. JPMorgan Chase & Co. increased its holdings in shares of Pembina Pipeline by 18.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock valued at $167,000,000 after acquiring an additional 624,958 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Pembina Pipeline by 7.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company’s stock valued at $527,000 after acquiring an additional 860 shares during the last quarter. FMR LLC lifted its holdings in Pembina Pipeline by 1,396.8% in the 3rd quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock worth $22,573,000 after purchasing an additional 510,873 shares during the last quarter. Finally, Fiera Capital Corp lifted its holdings in Pembina Pipeline by 15.5% in the 3rd quarter. Fiera Capital Corp now owns 1,196,390 shares of the pipeline company’s stock worth $49,381,000 after purchasing an additional 160,946 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.69 dividend. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 7.47%. Pembina Pipeline’s payout ratio is presently 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.