Pembina Pipeline (NYSE:PBA) Receives New Coverage from Analysts at Raymond James

Raymond James began coverage on shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) in a research note issued to investors on Friday, MarketBeat reports. The brokerage issued an outperform rating on the pipeline company’s stock. Raymond James also issued estimates for Pembina Pipeline’s FY2025 earnings at $2.52 EPS, FY2026 earnings at $2.60 EPS, FY2027 earnings at $2.69 EPS and FY2028 earnings at $3.02 EPS.

Several other research analysts have also recently issued reports on PBA. Citigroup raised their target price on Pembina Pipeline from $53.00 to $56.00 and gave the stock a neutral rating in a research report on Wednesday, August 28th. UBS Group initiated coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They issued a neutral rating on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $56.50.

Pembina Pipeline Stock Performance

Shares of PBA stock opened at $42.29 on Friday. The firm has a market capitalization of $24.52 billion, a PE ratio of 18.39, a P/E/G ratio of 5.86 and a beta of 1.25. The company has a 50 day moving average price of $40.41 and a 200-day moving average price of $37.96. Pembina Pipeline has a 52 week low of $30.23 and a 52 week high of $42.90. The company has a quick ratio of 0.55, a current ratio of 0.68 and a debt-to-equity ratio of 0.77.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.21. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.44 billion. Pembina Pipeline had a net margin of 23.50% and a return on equity of 13.68%. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. As a group, equities research analysts expect that Pembina Pipeline will post 2.42 earnings per share for the current year.

Pembina Pipeline Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 annualized dividend and a yield of 4.73%. Pembina Pipeline’s payout ratio is currently 88.70%.

Hedge Funds Weigh In On Pembina Pipeline

A number of large investors have recently bought and sold shares of PBA. Beacon Capital Management LLC purchased a new stake in shares of Pembina Pipeline during the 1st quarter valued at $37,000. EverSource Wealth Advisors LLC raised its stake in shares of Pembina Pipeline by 30.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock valued at $65,000 after buying an additional 387 shares during the last quarter. Creekmur Asset Management LLC purchased a new position in Pembina Pipeline during the fourth quarter valued at approximately $62,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Pembina Pipeline by 47.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,511 shares of the pipeline company’s stock worth $93,000 after purchasing an additional 805 shares during the period. Finally, Mather Group LLC. acquired a new position in shares of Pembina Pipeline in the first quarter worth about $88,000. Institutional investors own 55.37% 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 2.9 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.