Zacks Research Cuts Earnings Estimates for Pembina Pipeline

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Analysts at Zacks Research lowered their FY2024 earnings per share estimates for Pembina Pipeline in a research report issued to clients and investors on Monday, December 9th. Zacks Research analyst T. Saha now expects that the pipeline company will post earnings per share of $2.13 for the year, down from their previous estimate of $2.15. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.26 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.60 EPS, Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.53 EPS, FY2025 earnings at $2.20 EPS, Q2 2026 earnings at $0.33 EPS, Q3 2026 earnings at $0.37 EPS and FY2026 earnings at $2.33 EPS.

Several other brokerages also recently issued reports on PBA. Citigroup raised their price objective on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. UBS Group started coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They issued a “neutral” rating for the company. Finally, Raymond James began coverage on Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating for the company. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Pembina Pipeline has a consensus rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Trading Down 0.7 %

PBA opened at $38.97 on Wednesday. The firm has a market cap of $22.62 billion, a price-to-earnings ratio of 16.10 and a beta of 1.24. Pembina Pipeline has a 52 week low of $32.39 and a 52 week high of $43.44. The business’s 50 day moving average is $41.86 and its two-hundred day moving average is $39.63. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PBA. Toronto Dominion Bank boosted its position in Pembina Pipeline by 97.2% during the second quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company’s stock worth $331,439,000 after acquiring an additional 4,405,792 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Pembina Pipeline by 56.9% in the second quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company’s stock worth $311,142,000 after acquiring an additional 3,043,200 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Pembina Pipeline by 71.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,163,711 shares of the pipeline company’s stock valued at $130,501,000 after purchasing an additional 1,319,709 shares during the last quarter. Intact Investment Management Inc. boosted its holdings in Pembina Pipeline by 83.2% in the third quarter. Intact Investment Management Inc. now owns 1,976,934 shares of the pipeline company’s stock valued at $81,498,000 after acquiring an additional 897,940 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Pembina Pipeline by 2,256.3% in the 2nd quarter. Clearbridge Investments LLC now owns 649,778 shares of the pipeline company’s stock worth $24,094,000 after purchasing an additional 622,202 shares during the period. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.69 per share. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 7.08%. Pembina Pipeline’s dividend payout ratio (DPR) 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.