Q3 2024 EPS Estimates for Pembina Pipeline Co. (NYSE:PBA) Raised by Atb Cap Markets

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Research analysts at Atb Cap Markets lifted their Q3 2024 earnings estimates for shares of Pembina Pipeline in a research report issued on Thursday, June 27th. Atb Cap Markets analyst N. Heywood now anticipates that the pipeline company will earn $0.61 per share for the quarter, up from their previous estimate of $0.60. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.32 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.66 EPS, Q1 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.63 EPS and FY2026 earnings at $2.79 EPS.

PBA has been the subject of several other research reports. CIBC increased their target price on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research report on Friday, April 19th. Scotiabank downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 19th. Finally, StockNews.com cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $52.00.

Pembina Pipeline Trading Down 0.3 %

Shares of NYSE:PBA opened at $37.08 on Monday. The company has a market cap of $21.50 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 5.33 and a beta of 1.24. Pembina Pipeline has a 12-month low of $28.15 and a 12-month high of $37.67. The stock has a 50 day moving average of $36.48 and a 200 day moving average of $35.21. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 0.78.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, May 9th. The pipeline company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.33%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PBA. Massmutual Trust Co. FSB ADV boosted its holdings 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 valued at $61,000 after purchasing an additional 329 shares in the last quarter. Granite Group Advisors LLC boosted its stake in shares of Pembina Pipeline by 5.2% in the first quarter. Granite Group Advisors LLC now owns 6,719 shares of the pipeline company’s stock valued at $237,000 after buying an additional 330 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 acquiring an additional 462 shares during the period. Janney Montgomery Scott LLC raised its position in Pembina Pipeline by 6.0% in the first quarter. Janney Montgomery Scott LLC now owns 9,475 shares of the pipeline company’s stock worth $335,000 after acquiring an additional 538 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Pembina Pipeline by 3.6% during the 4th 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 and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were given a dividend of $0.501 per share. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date was Monday, June 17th. This represents a $2.00 dividend on an annualized basis and a yield of 5.40%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 86.96%.

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.