PBA FY2024 EPS Decreased by National Bank Financial

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Analysts at National Bank Financial dropped their FY2024 EPS estimates for Pembina Pipeline in a research report issued to clients and investors on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the pipeline company will post earnings per share of $2.37 for the year, down from their prior estimate of $2.44. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.25 per share. National Bank Financial also issued estimates for Pembina Pipeline’s FY2028 earnings at $2.69 EPS.

A number of other brokerages also recently weighed in on PBA. UBS Group started coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th. They issued a “neutral” rating on the stock. Wells Fargo & Company lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Raymond James started coverage on Pembina Pipeline in a report on Friday, October 11th. They set an “outperform” rating on the stock. Finally, Barclays began coverage on Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating for the company. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Trading Up 0.1 %

NYSE PBA opened at $36.61 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Pembina Pipeline has a 12 month low of $32.81 and a 12 month high of $43.44. The company has a market capitalization of $21.25 billion, a PE ratio of 15.13 and a beta of 1.25. The stock has a 50-day simple moving average of $39.57 and a 200 day simple moving average of $39.69.

Institutional Investors Weigh In On Pembina Pipeline

Several hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors LLC lifted its stake in shares of Pembina Pipeline by 9.9% during the 2nd quarter. Natixis Advisors LLC now owns 27,872 shares of the pipeline company’s stock worth $1,033,000 after buying an additional 2,518 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Pembina Pipeline during the second quarter worth approximately $1,243,000. PFG Investments LLC boosted its holdings in shares of Pembina Pipeline by 13.7% during the second quarter. PFG Investments LLC now owns 14,703 shares of the pipeline company’s stock worth $545,000 after acquiring an additional 1,776 shares during the period. Choreo LLC bought a new position in shares of Pembina Pipeline during the second quarter worth approximately $362,000. Finally, United Services Automobile Association increased its stake in shares of Pembina Pipeline by 67.0% during the second quarter. United Services Automobile Association now owns 21,976 shares of the pipeline company’s stock worth $815,000 after purchasing an additional 8,819 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.54%. 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.