Wall Street analysts forecast that Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) will report $1.55 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Pembina Pipeline’s earnings, with the highest sales estimate coming in at $1.77 billion and the lowest estimate coming in at $1.34 billion. Pembina Pipeline posted sales of $937.22 million during the same quarter last year, which would indicate a positive year over year growth rate of 65.4%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, February 22nd.
On average, analysts expect that Pembina Pipeline will report full year sales of $1.55 billion for the current fiscal year, with estimates ranging from $4.26 billion to $4.75 billion. For the next financial year, analysts expect that the business will post sales of $6.81 billion per share, with estimates ranging from $6.20 billion to $7.42 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Pembina Pipeline.
A number of analysts recently issued reports on the company. Macquarie lowered Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. Zacks Investment Research upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $39.00.
The business also recently announced a feb 18 dividend, which will be paid on Thursday, March 15th. Shareholders of record on Sunday, February 25th will be issued a dividend of $0.18 per share. This represents a yield of 0.00560224089635854%. Pembina Pipeline’s dividend payout ratio is currently 175.76%.
A number of institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC lifted its holdings in Pembina Pipeline by 7.5% during the second quarter. HighTower Advisors LLC now owns 8,313 shares of the pipeline company’s stock worth $276,000 after buying an additional 583 shares during the period. Stifel Financial Corp lifted its holdings in Pembina Pipeline by 5.4% during the second quarter. Stifel Financial Corp now owns 17,661 shares of the pipeline company’s stock worth $584,000 after buying an additional 909 shares during the period. Ameriprise Financial Inc. lifted its holdings in Pembina Pipeline by 8.4% during the second quarter. Ameriprise Financial Inc. now owns 18,257 shares of the pipeline company’s stock worth $605,000 after buying an additional 1,418 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Pembina Pipeline by 6.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 35,679 shares of the pipeline company’s stock worth $1,253,000 after buying an additional 2,136 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in Pembina Pipeline by 0.6% during the fourth quarter. APG Asset Management N.V. now owns 523,835 shares of the pipeline company’s stock worth $15,846,000 after buying an additional 3,100 shares during the period. Institutional investors own 42.63% of the company’s stock.
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About Pembina Pipeline
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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