Atb Cap Markets Comments on Pembina Pipeline Co.’s Q1 2024 Earnings (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Stock analysts at Atb Cap Markets issued their Q1 2024 earnings per share estimates for shares of Pembina Pipeline in a research note issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood forecasts that the pipeline company will earn $0.61 per share for the quarter. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.24 per share.

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

Other equities research analysts have also issued reports about the company. CIBC upped their price objective on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. StockNews.com raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Finally, TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.00.

Pembina Pipeline Trading Up 0.6 %

NYSE:PBA opened at $35.71 on Thursday. 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 firm has a market capitalization of $20.69 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 5.29 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 business has a fifty day moving average price of $35.00 and a 200-day moving average price of $33.69.

Hedge Funds Weigh In On Pembina Pipeline

A number of large investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV raised its stake in Pembina Pipeline by 22.6% in 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. Advisor Partners II LLC increased its position in shares of Pembina Pipeline by 4.2% during the third quarter. Advisor Partners II LLC now owns 10,697 shares of the pipeline company’s stock worth $322,000 after purchasing an additional 431 shares in the last quarter. Teamwork Financial Advisors LLC increased its position in shares of 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 purchasing an additional 462 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Pembina Pipeline by 74.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 462 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Pembina Pipeline by 3.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 15,872 shares of the pipeline company’s stock worth $549,000 after purchasing an additional 547 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.4944 per share. This represents a $1.98 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s payout ratio is currently 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.