Pembina Pipeline Co. (NYSE:PBA – Free Report) (TSE:PPL) – Atb Cap Markets cut their FY2025 earnings per share estimates for Pembina Pipeline in a report issued on Sunday, November 5th. Atb Cap Markets analyst N. Heywood now forecasts that the pipeline company will post earnings of $2.43 per share for the year, down from their prior forecast of $2.79. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.05 per share.
Several other analysts have also commented on PBA. StockNews.com assumed coverage on shares of Pembina Pipeline in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. BMO Capital Markets decreased their price objective on Pembina Pipeline from C$54.00 to C$50.00 in a research note on Friday, August 4th. TD Securities reduced their target price on shares of Pembina Pipeline from C$54.00 to C$50.00 in a report on Tuesday, August 8th. TheStreet lowered shares of Pembina Pipeline from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Finally, Credit Suisse Group lowered their target price on shares of Pembina Pipeline from C$52.00 to C$51.00 and set an “outperform” rating for the company in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.86.
Pembina Pipeline Price Performance
Shares of NYSE:PBA opened at $31.78 on Wednesday. Pembina Pipeline has a 12 month low of $28.15 and a 12 month high of $36.93. The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 5.25 and a beta of 1.27. The business’s 50 day simple moving average is $30.59 and its 200-day simple moving average is $31.01. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.68 and a quick ratio of 0.50.
Pembina Pipeline Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.481 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.92 dividend on an annualized basis and a yield of 6.06%. Pembina Pipeline’s dividend payout ratio is currently 53.95%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of PBA. Raymond James Financial Services Advisors Inc. raised its holdings in Pembina Pipeline by 1.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company’s stock valued at $1,143,000 after acquiring an additional 438 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Pembina Pipeline by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 575,920 shares of the pipeline company’s stock valued at $21,655,000 after purchasing an additional 3,604 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Pembina Pipeline by 53.4% during the first quarter. American Century Companies Inc. now owns 39,699 shares of the pipeline company’s stock worth $1,492,000 after purchasing an additional 13,820 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Pembina Pipeline by 8.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,446 shares of the pipeline company’s stock worth $656,000 after purchasing an additional 1,420 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Pembina Pipeline by 20.3% in the first quarter. HighTower Advisors LLC now owns 39,252 shares of the pipeline company’s stock worth $1,478,000 after purchasing an additional 6,629 shares in the last quarter. Institutional investors and hedge funds own 53.86% of the company’s stock.
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 2.8 millions of barrels of oil equivalent per day, the ground storage capacity 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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