FY2024 EPS Estimate for Pembina Pipeline Reduced by Analyst

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Equities researchers at Zacks Research cut their FY2024 earnings per share (EPS) estimates for Pembina Pipeline in a research note issued to investors on Monday, November 25th. Zacks Research analyst T. Saha now forecasts that the pipeline company will earn $2.15 per share for the year, down from their previous forecast of $2.30. 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 $0.62 EPS, Q1 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.69 EPS, Q1 2026 earnings at $1.53 EPS, Q2 2026 earnings at $0.38 EPS, Q3 2026 earnings at $0.41 EPS and FY2026 earnings at $2.48 EPS.

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

Pembina Pipeline Stock Up 0.6 %

Shares of NYSE PBA opened at $41.44 on Thursday. The company’s 50 day moving average price is $42.00 and its 200-day moving average price is $39.47. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. Pembina Pipeline has a 52-week low of $32.39 and a 52-week high of $43.44. The company has a market capitalization of $24.06 billion, a P/E ratio of 17.12 and a beta of 1.25.

Institutional Inflows and Outflows

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

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid 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 yield of 6.66%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s payout ratio 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.