Q3 2024 EPS Estimates for Pembina Pipeline Co. (NYSE:PBA) Raised by Analyst

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Research analysts at Atb Cap Markets lifted their Q3 2024 earnings estimates for Pembina Pipeline in a report released on Thursday, June 27th. Atb Cap Markets analyst N. Heywood now forecasts that the pipeline company will post earnings per share of $0.61 for the quarter, up from their previous estimate of $0.60. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.32 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.66 EPS, Q1 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.63 EPS and FY2026 earnings at $2.79 EPS.

A number of other equities analysts also recently commented on PBA. Scotiabank downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 19th. StockNews.com lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, CIBC boosted their price objective on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. Three 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 has an average rating of “Hold” and a consensus target price of $52.00.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at $37.45 on Monday. The stock has a market capitalization of $21.72 billion, a P/E ratio of 16.28, a PEG ratio of 5.33 and a beta of 1.25. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 0.78. The business’s fifty day moving average price is $36.52 and its 200 day moving average price is $35.23. Pembina Pipeline has a twelve month low of $28.15 and a twelve month high of $37.67.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, May 9th. The pipeline company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.83 billion. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.33%.

Institutional Trading of Pembina Pipeline

A number of hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in Pembina Pipeline by 31.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 272,096 shares of the pipeline company’s stock worth $8,179,000 after buying an additional 65,580 shares during the period. Mariner LLC boosted its holdings in Pembina Pipeline by 58.9% in the third quarter. Mariner LLC now owns 18,819 shares of the pipeline company’s stock valued at $566,000 after purchasing an additional 6,975 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in Pembina Pipeline by 6.4% in the third quarter. Natixis Advisors L.P. now owns 20,672 shares of the pipeline company’s stock valued at $621,000 after purchasing an additional 1,237 shares during the last quarter. Trexquant Investment LP acquired a new stake in Pembina Pipeline during the 3rd quarter valued at approximately $963,000. Finally, Legal & General Group Plc increased its holdings in Pembina Pipeline by 3.8% during the 3rd quarter. Legal & General Group Plc now owns 4,880,904 shares of the pipeline company’s stock worth $147,430,000 after purchasing an additional 180,798 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were issued a $0.501 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date was Monday, June 17th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.49. Pembina Pipeline’s dividend payout ratio is currently 86.96%.

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.