Zacks Research Has Negative Estimate for PBA FY2024 Earnings

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Investment analysts at Zacks Research cut their FY2024 earnings per share estimates for Pembina Pipeline in a research note issued on Monday, December 9th. Zacks Research analyst T. Saha now expects that the pipeline company will earn $2.13 per share for the year, down from their prior estimate of $2.15. 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 $0.60 EPS, Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.53 EPS, FY2025 earnings at $2.20 EPS, Q2 2026 earnings at $0.33 EPS, Q3 2026 earnings at $0.37 EPS and FY2026 earnings at $2.33 EPS.

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

Pembina Pipeline Stock Down 0.0 %

NYSE:PBA opened at $38.96 on Wednesday. Pembina Pipeline has a 1-year low of $32.39 and a 1-year high of $43.44. The company has a market capitalization of $22.61 billion, a PE ratio of 16.10 and a beta of 1.24. The firm’s 50-day moving average price is $41.80 and its 200-day moving average price is $39.65. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 7.09%. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio is currently 84.30%.

Hedge Funds Weigh In On Pembina Pipeline

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PDT Partners LLC purchased a new stake in shares of Pembina Pipeline during the 3rd quarter valued at about $1,329,000. Sequoia Financial Advisors LLC boosted its holdings in Pembina Pipeline by 7.2% in the third quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company’s stock worth $527,000 after purchasing an additional 860 shares during the last quarter. Triasima Portfolio Management inc. grew its position in Pembina Pipeline by 49.2% in the 2nd quarter. Triasima Portfolio Management inc. now owns 784,516 shares of the pipeline company’s stock worth $29,095,000 after purchasing an additional 258,575 shares during the period. Cetera Investment Advisers raised its stake in Pembina Pipeline by 105.1% during the 1st quarter. Cetera Investment Advisers now owns 48,237 shares of the pipeline company’s stock valued at $1,705,000 after buying an additional 24,717 shares during the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of Pembina Pipeline by 15.5% during the 3rd quarter. Fiera Capital Corp now owns 1,196,390 shares of the pipeline company’s stock valued at $49,381,000 after buying an additional 160,946 shares during the period. 55.37% of the stock is owned by institutional investors.

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.