What is Zacks Research’s Estimate for PBA FY2024 Earnings?

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Equities researchers at Zacks Research decreased their FY2024 earnings per share estimates for Pembina Pipeline in a note issued to investors on Tuesday, December 10th. Zacks Research analyst T. Saha now expects that the pipeline company will post earnings per share of $2.12 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.

Several other brokerages also recently commented on PBA. Barclays started coverage on shares of Pembina Pipeline in a research note on Thursday. They set an “overweight” rating for the company. Citigroup increased 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. UBS Group assumed coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They set a “neutral” rating for the company. Finally, Raymond James initiated coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Pembina Pipeline presently has an average rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Price Performance

Shares of NYSE:PBA opened at $38.35 on Thursday. The stock has a market cap of $22.26 billion, a PE ratio of 15.85 and a beta of 1.24. The company’s fifty day moving average is $41.65 and its 200 day moving average is $39.64. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. Pembina Pipeline has a 52 week low of $32.39 and a 52 week high of $43.44.

Hedge Funds Weigh In On Pembina Pipeline

Large investors have recently made changes to their positions in the business. Toronto Dominion Bank lifted its position in shares of Pembina Pipeline by 97.2% in the second quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company’s stock worth $331,439,000 after buying an additional 4,405,792 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Pembina Pipeline by 56.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company’s stock worth $311,142,000 after purchasing an additional 3,043,200 shares during the period. CIBC Asset Management Inc grew its stake in shares of Pembina Pipeline by 8.1% during the third quarter. CIBC Asset Management Inc now owns 6,405,991 shares of the pipeline company’s stock valued at $264,315,000 after buying an additional 481,285 shares during the last quarter. TD Asset Management Inc grew its position in Pembina Pipeline by 0.9% in the 2nd quarter. TD Asset Management Inc now owns 4,759,869 shares of the pipeline company’s stock valued at $176,571,000 after acquiring an additional 44,441 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. increased its stake in Pembina Pipeline by 6.9% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 4,542,997 shares of the pipeline company’s stock worth $168,512,000 after buying an additional 291,486 shares during the period. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Increases Dividend

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

Pembina Pipeline Company Profile

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.