Pembina Pipeline Co. (NYSE:PBA) Forecasted to Earn FY2023 Earnings of $2.59 Per Share

Pembina Pipeline Co. (NYSE:PBAGet Rating) (TSE:PPL) – Stock analysts at National Bank Financial dropped their FY2023 earnings per share estimates for shares of Pembina Pipeline in a research report issued on Sunday, November 6th. National Bank Financial analyst P. Kenny now forecasts that the pipeline company will post earnings per share of $2.59 for the year, down from their prior forecast of $2.70. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.24 per share.

Several other equities analysts have also recently issued reports on PBA. Raymond James decreased their price objective on Pembina Pipeline from C$49.00 to C$46.00 in a research note on Friday, November 4th. Scotiabank cut their price target on Pembina Pipeline from C$55.00 to C$50.00 in a research report on Thursday, October 20th. Industrial Alliance Securities raised Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Monday, September 26th. TheStreet lowered Pembina Pipeline from a “b-” rating to a “c+” rating in a report on Monday, September 26th. Finally, StockNews.com upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.14.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at $33.03 on Wednesday. The business has a 50-day moving average of $33.01 and a 200 day moving average of $35.90. Pembina Pipeline has a 12 month low of $28.89 and a 12 month high of $42.74. The stock has a market capitalization of $18.23 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 5.07 and a beta of 1.25. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.69 and a quick ratio of 0.57.

Institutional Investors Weigh In On Pembina Pipeline

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Pembina Pipeline by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 18,664,547 shares of the pipeline company’s stock valued at $701,787,000 after purchasing an additional 516,282 shares during the period. Deutsche Bank AG boosted its holdings in Pembina Pipeline by 8.5% during the second quarter. Deutsche Bank AG now owns 16,150,728 shares of the pipeline company’s stock valued at $570,929,000 after acquiring an additional 1,261,339 shares during the period. Bank of Nova Scotia boosted its holdings in Pembina Pipeline by 6.0% during the second quarter. Bank of Nova Scotia now owns 13,099,073 shares of the pipeline company’s stock valued at $463,018,000 after acquiring an additional 736,822 shares during the period. Mackenzie Financial Corp boosted its holdings in Pembina Pipeline by 0.4% during the third quarter. Mackenzie Financial Corp now owns 10,155,763 shares of the pipeline company’s stock valued at $308,147,000 after acquiring an additional 42,367 shares during the period. Finally, Toronto Dominion Bank lifted its stake in shares of Pembina Pipeline by 18.6% in the third quarter. Toronto Dominion Bank now owns 9,065,679 shares of the pipeline company’s stock valued at $294,997,000 after buying an additional 1,421,507 shares during the period. Institutional investors and hedge funds own 54.92% of the company’s stock.

Pembina Pipeline Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be given a $0.16 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 5.81%. This is an increase from Pembina Pipeline’s previous monthly dividend of $0.16. The ex-dividend date is Wednesday, November 23rd. Pembina Pipeline’s dividend payout ratio is 50.81%.

Pembina Pipeline Company Profile

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Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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.

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Earnings History and Estimates for Pembina Pipeline (NYSE:PBA)

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