Q2 2024 EPS Estimates for Pembina Pipeline Co. Raised by Zacks Research (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Zacks Research raised their Q2 2024 earnings per share (EPS) estimates for Pembina Pipeline in a research report issued to clients and investors on Tuesday, April 16th. Zacks Research analyst T. Saha now expects that the pipeline company will post earnings per share of $0.42 for the quarter, up from their previous estimate 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.

Several other equities analysts also recently commented on the stock. StockNews.com raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.33.

Pembina Pipeline Trading Down 0.2 %

Pembina Pipeline stock opened at $34.13 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71. The company has a market capitalization of $19.78 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 5.05 and a beta of 1.20. Pembina Pipeline has a one year low of $28.15 and a one year high of $36.17. The company’s fifty day moving average price is $34.82 and its two-hundred day moving average price is $33.46.

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

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.4944 dividend. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a dividend yield of 5.79%. The ex-dividend date was Thursday, March 14th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 89.14%.

Institutional Investors Weigh In On Pembina Pipeline

Several hedge funds and other institutional investors have recently made changes to their positions in PBA. Massmutual Trust Co. FSB ADV grew its position in Pembina Pipeline by 22.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock worth $61,000 after buying an additional 329 shares in the last quarter. Harbour Investments Inc. grew its position in Pembina Pipeline by 36.6% during the second quarter. Harbour Investments Inc. now owns 1,346 shares of the pipeline company’s stock worth $42,000 after buying an additional 361 shares in the last quarter. Advisor Partners II LLC grew its position in Pembina Pipeline by 4.8% during the first quarter. Advisor Partners II LLC now owns 8,437 shares of the pipeline company’s stock worth $273,000 after buying an additional 390 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Pembina Pipeline by 1.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company’s stock worth $1,143,000 after buying an additional 438 shares in the last quarter. Finally, Teamwork Financial Advisors LLC grew its position in Pembina Pipeline by 5.3% during the third quarter. Teamwork Financial Advisors LLC now owns 9,129 shares of the pipeline company’s stock worth $274,000 after buying an additional 462 shares in the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

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.