FY2024 EPS Estimates for Pembina Pipeline Co. Lifted by Zacks Research (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Investment analysts at Zacks Research increased their FY2024 earnings per share estimates for Pembina Pipeline in a report released on Tuesday, April 16th. Zacks Research analyst T. Saha now expects 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.

Other equities research analysts have also issued research reports about the company. StockNews.com upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. TheStreet upgraded Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. Finally, CIBC upped their target price on Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a research report on Friday. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Pembina Pipeline Stock Up 1.7 %

Shares of Pembina Pipeline stock opened at $34.87 on Thursday. Pembina Pipeline has a one year low of $28.15 and a one year high of $36.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71. The stock’s 50-day moving average is $34.86 and its 200 day moving average is $33.50. The firm has a market cap of $20.21 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 5.10 and a beta of 1.20.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, beating 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 company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion.

Pembina Pipeline Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new position in Pembina Pipeline in the fourth quarter worth approximately $25,000. Baystate Wealth Management LLC bought a new position in Pembina Pipeline in the fourth quarter worth approximately $34,000. EverSource Wealth Advisors LLC boosted its holdings in Pembina Pipeline by 74.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 462 shares in the last quarter. Coppell Advisory Solutions LLC bought a new position in Pembina Pipeline in the second quarter worth approximately $41,000. Finally, Harbour Investments Inc. boosted its holdings in Pembina Pipeline by 36.6% in the second quarter. Harbour Investments Inc. now owns 1,346 shares of the pipeline company’s stock worth $42,000 after acquiring an additional 361 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

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.