Pembina Pipeline Co. (NYSE:PBA – Free Report) (TSE:PPL) – Equities research analysts at Atb Cap Markets reduced their FY2026 earnings per share estimates for shares of Pembina Pipeline in a report issued on Thursday, December 12th. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will post earnings of $2.41 per share for the year, down from their prior estimate of $2.42. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.26 per share.
A number of other research analysts have also recently weighed in on PBA. Raymond James assumed coverage on shares of Pembina Pipeline in a research report on Friday, October 11th. They set an “outperform” rating on the stock. UBS Group initiated coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They set a “neutral” rating on the stock. Citigroup raised their price objective on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Finally, Barclays began coverage on Pembina Pipeline in a research note on Thursday. They set an “overweight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.50.
Pembina Pipeline Stock Performance
NYSE:PBA opened at $38.35 on Monday. The firm has a market capitalization of $22.26 billion, a PE ratio of 15.85 and a beta of 1.24. The stock’s fifty day moving average is $41.57 and its 200 day moving average is $39.70. Pembina Pipeline has a fifty-two week low of $32.39 and a fifty-two week high of $43.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65.
Pembina Pipeline Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.69 dividend. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is currently 84.30%.
Institutional Investors Weigh In On Pembina Pipeline
Several hedge funds have recently made changes to their positions in PBA. Franklin Resources Inc. lifted its stake in Pembina Pipeline by 14.2% in the third quarter. Franklin Resources Inc. now owns 1,024,065 shares of the pipeline company’s stock worth $44,518,000 after acquiring an additional 127,027 shares during the period. Geode Capital Management LLC raised its holdings in shares of Pembina Pipeline by 10.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,715,428 shares of the pipeline company’s stock valued at $113,531,000 after purchasing an additional 251,982 shares in the last quarter. Barclays PLC lifted its position in shares of Pembina Pipeline by 86.5% in the 3rd quarter. Barclays PLC now owns 53,970 shares of the pipeline company’s stock worth $2,226,000 after purchasing an additional 25,031 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Pembina Pipeline during the third quarter valued at approximately $2,094,000. Finally, MML Investors Services LLC purchased a new position in Pembina Pipeline during the third quarter valued at approximately $228,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.
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.
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