FY2024 EPS Estimate for Pembina Pipeline Lowered by Analyst

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Stock analysts at National Bank Financial dropped their FY2024 earnings estimates for shares of Pembina Pipeline in a note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the pipeline company will post earnings of $2.37 per share for the year, down from their prior 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.

A number of other equities research analysts have also issued reports on PBA. Raymond James initiated coverage on Pembina Pipeline in a research report on Friday, October 11th. They set an “outperform” rating on the stock. Wells Fargo & Company downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Barclays started coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating for the company. Finally, UBS Group initiated coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They set a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Price Performance

NYSE PBA opened at $36.96 on Wednesday. Pembina Pipeline has a 1 year low of $32.81 and a 1 year high of $43.44. The business’s fifty day moving average is $39.47 and its two-hundred day moving average is $39.67. The stock has a market capitalization of $21.46 billion, a P/E ratio of 15.27 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Natixis Advisors LLC grew its holdings in shares of Pembina Pipeline by 9.9% during the 2nd quarter. Natixis Advisors LLC now owns 27,872 shares of the pipeline company’s stock valued at $1,033,000 after acquiring an additional 2,518 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Pembina Pipeline during the 2nd quarter worth about $1,243,000. PFG Investments LLC raised its stake in shares of Pembina Pipeline by 13.7% during the 2nd quarter. PFG Investments LLC now owns 14,703 shares of the pipeline company’s stock worth $545,000 after purchasing an additional 1,776 shares in the last quarter. Choreo LLC acquired a new stake in shares of Pembina Pipeline during the 2nd quarter valued at about $362,000. Finally, United Services Automobile Association increased its holdings in Pembina Pipeline by 67.0% in the second quarter. United Services Automobile Association now owns 21,976 shares of the pipeline company’s stock worth $815,000 after buying an additional 8,819 shares during the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.69 dividend. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.47%. Pembina Pipeline’s dividend 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.