Pembina Pipeline Corp. (NYSE:PBA – Free Report) (TSE:PPL) – Equities research analysts at National Bank Financial increased their FY2025 earnings per share estimates for shares of Pembina Pipeline in a note issued to investors on Wednesday, June 25th. National Bank Financial analyst P. Kenny now expects that the pipeline company will earn $2.56 per share for the year, up from their prior estimate of $2.53. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.15 per share.
Pembina Pipeline (NYSE:PBA – Get Free Report) (TSE:PPL) last issued its earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.23. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.47 billion. Pembina Pipeline had a return on equity of 12.61% and a net margin of 23.73%. The company’s revenue for the quarter was up 48.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS.
Check Out Our Latest Research Report on Pembina Pipeline
Pembina Pipeline Stock Performance
Shares of PBA stock opened at $37.21 on Monday. The company has a market cap of $21.62 billion, a price-to-earnings ratio of 16.84 and a beta of 0.76. The stock has a 50 day simple moving average of $37.79 and a 200-day simple moving average of $37.51. Pembina Pipeline has a 12-month low of $34.13 and a 12-month high of $43.44. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.75.
Pembina Pipeline Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.5109 per share. The ex-dividend date is Monday, June 16th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a yield of 5.49%. Pembina Pipeline’s payout ratio is currently 93.67%.
Hedge Funds Weigh In On Pembina Pipeline
Hedge funds and other institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in Pembina Pipeline by 69.9% during the first quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 277 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Pembina Pipeline during the first quarter worth $27,000. VSM Wealth Advisory LLC acquired a new position in Pembina Pipeline during the fourth quarter worth $37,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Pembina Pipeline during the fourth quarter worth $40,000. Finally, Dunhill Financial LLC raised its holdings in Pembina Pipeline by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company’s stock worth $50,000 after purchasing an additional 675 shares during the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.
About Pembina Pipeline
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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