FY2024 EPS Estimate for Pembina Pipeline Lowered by Analyst

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Equities researchers at Zacks Research dropped their FY2024 earnings per share estimates for shares of Pembina Pipeline in a research report issued to clients and investors on Monday, November 25th. Zacks Research analyst T. Saha now anticipates that the pipeline company will post earnings per share of $2.15 for the year, down from their previous estimate of $2.30. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.29 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.

PBA has been the subject of a number of other reports. Raymond James initiated coverage on Pembina Pipeline in a research note on Friday, October 11th. They set an “outperform” rating for the company. Citigroup lifted their price objective on Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Finally, UBS Group initiated coverage on Pembina Pipeline in a research note on Wednesday, September 11th. They set a “neutral” rating for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Stock Down 0.1 %

NYSE PBA opened at $41.19 on Thursday. 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 stock has a fifty day moving average of $41.97 and a 200-day moving average of $39.43. The stock has a market capitalization of $23.91 billion, a P/E ratio of 17.02 and a beta of 1.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its stake in Pembina Pipeline by 14.2% in the third quarter. Franklin Resources Inc. now owns 1,024,065 shares of the pipeline company’s stock valued at $44,518,000 after acquiring an additional 127,027 shares during the period. Geode Capital Management LLC grew its stake in Pembina Pipeline by 10.2% in the third quarter. Geode Capital Management LLC now owns 2,715,428 shares of the pipeline company’s stock valued at $113,531,000 after acquiring an additional 251,982 shares during the period. Barclays PLC grew its stake in Pembina Pipeline by 86.5% in the third quarter. Barclays PLC now owns 53,970 shares of the pipeline company’s stock valued at $2,226,000 after acquiring an additional 25,031 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Pembina Pipeline in the third quarter valued at about $2,094,000. Finally, MML Investors Services LLC acquired a new position in Pembina Pipeline in the third quarter valued at about $228,000. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Increases Dividend

The firm also recently announced 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 represents a $2.76 dividend on an annualized basis and a yield of 6.70%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s payout ratio is presently 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.