Q2 2024 EPS Estimates for Pembina Pipeline Co. Lifted by Analyst (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Stock analysts at Zacks Research upped their Q2 2024 EPS estimates for Pembina Pipeline in a research report issued to clients and investors on Tuesday, April 16th. Zacks Research analyst T. Saha now anticipates that the pipeline company will earn $0.42 per share for the quarter, up from their previous forecast of $0.40. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.28 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q3 2024 earnings at $0.54 EPS, Q4 2024 earnings at $0.62 EPS, Q1 2026 earnings at $0.78 EPS and FY2026 earnings at $2.59 EPS.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%.

Other analysts have also issued research reports about the stock. StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

Pembina Pipeline Stock Up 0.4 %

PBA stock opened at $34.29 on Wednesday. The company’s 50 day simple moving average is $34.83 and its 200-day simple moving average is $33.46. The firm has a market capitalization of $19.87 billion, a PE ratio of 15.51, a P/E/G ratio of 5.00 and a beta of 1.20. Pembina Pipeline has a 12 month low of $28.15 and a 12 month 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.

Institutional Investors Weigh In On Pembina Pipeline

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new stake in shares of Pembina Pipeline in the 4th quarter worth about $25,000. Baystate Wealth Management LLC acquired a new position in shares of Pembina Pipeline in the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Pembina Pipeline by 74.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after buying an additional 462 shares during the period. Coppell Advisory Solutions LLC acquired a new position in shares of Pembina Pipeline in the 2nd quarter valued at about $41,000. Finally, Harbour Investments Inc. boosted its holdings in shares of Pembina Pipeline by 36.6% in the 2nd quarter. Harbour Investments Inc. now owns 1,346 shares of the pipeline company’s stock valued at $42,000 after buying an additional 361 shares during the period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.4944 per share. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, March 14th. This represents a $1.98 annualized dividend and a yield of 5.77%. Pembina Pipeline’s payout ratio is 89.14%.

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.