Pembina Pipeline Co. to Post Q1 2024 Earnings of $0.61 Per Share, Atb Cap Markets Forecasts (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Research analysts at Atb Cap Markets issued their Q1 2024 earnings per share (EPS) estimates for Pembina Pipeline in a research report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood forecasts that the pipeline company will earn $0.61 per share for the quarter. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.24 per share.

Several other research firms have also recently weighed in on PBA. StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. CIBC upped their price objective on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research report on Friday, April 19th. Finally, TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Pembina Pipeline Trading Up 0.0 %

Shares of PBA opened at $35.50 on Thursday. The business’s 50-day moving average price is $34.97 and its 200-day moving average price is $33.67. Pembina Pipeline has a twelve month low of $28.15 and a twelve month high of $36.17. The stock has a market cap of $20.57 billion, a PE ratio of 16.06, a P/E/G ratio of 5.29 and a beta of 1.20. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced 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 firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.83 billion.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.4944 per share. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend was Thursday, March 14th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 89.14%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. ICA Group Wealth Management LLC bought a new position in Pembina Pipeline during the fourth quarter valued at approximately $25,000. Baystate Wealth Management LLC purchased a new stake in shares of Pembina Pipeline during the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC boosted its stake in shares of Pembina Pipeline by 74.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 462 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Pembina Pipeline by 303.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company’s stock valued at $52,000 after purchasing an additional 1,142 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its stake 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. 55.37% of the stock is currently 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.