FY2024 Earnings Forecast for Pembina Pipeline Co. (NYSE:PBA) Issued By Zacks Research

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Zacks Research boosted their FY2024 earnings per share estimates for shares of Pembina Pipeline in a report released on Tuesday, April 16th. Zacks Research analyst T. Saha now anticipates that the pipeline company will earn $2.02 per share for the year, up from their previous estimate of $2.01. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.23 per share. Zacks Research also issued estimates for Pembina Pipeline’s FY2025 earnings at $1.87 EPS.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.34. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.83 billion.

PBA has been the topic of a number of other reports. StockNews.com upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. TheStreet upgraded Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. Finally, CIBC raised their target price on Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a research note on Friday. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Pembina Pipeline Stock Performance

Shares of PBA opened at $34.87 on Thursday. The business’s fifty day moving average price is $34.86 and its 200 day moving average price is $33.50. Pembina Pipeline has a 12-month low of $28.15 and a 12-month high of $36.17. The stock has a market capitalization of $20.21 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 5.10 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV increased its holdings in shares of Pembina Pipeline by 22.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock valued at $61,000 after purchasing an additional 329 shares during the period. Harbour Investments Inc. increased its holdings in shares of Pembina Pipeline by 36.6% during the second quarter. Harbour Investments Inc. now owns 1,346 shares of the pipeline company’s stock valued at $42,000 after purchasing an additional 361 shares during the period. Advisor Partners II LLC increased its holdings in shares of Pembina Pipeline by 4.8% during the first quarter. Advisor Partners II LLC now owns 8,437 shares of the pipeline company’s stock valued at $273,000 after purchasing an additional 390 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Pembina Pipeline by 1.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company’s stock valued at $1,143,000 after purchasing an additional 438 shares during the period. Finally, Teamwork Financial Advisors LLC increased its holdings in shares of Pembina Pipeline by 5.3% during the third quarter. Teamwork Financial Advisors LLC now owns 9,129 shares of the pipeline company’s stock valued at $274,000 after purchasing an additional 462 shares during the period. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.4944 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.67%. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, March 14th. Pembina Pipeline’s dividend payout ratio (DPR) is 88.69%.

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.