Q2 2024 EPS Estimates for Pembina Pipeline Co. Raised by Zacks Research (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Analysts at Zacks Research lifted their Q2 2024 earnings estimates for shares of Pembina Pipeline in a research report issued to clients and investors on Tuesday, April 16th. Zacks Research analyst T. Saha now anticipates that the pipeline company will post earnings of $0.42 per share for the quarter, up from their previous estimate of $0.40. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.28 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q3 2024 earnings at $0.54 EPS, Q4 2024 earnings at $0.62 EPS, Q1 2026 earnings at $0.78 EPS and FY2026 earnings at $2.59 EPS.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.34. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%.

A number of other analysts have also issued reports on PBA. StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and an average target price of $50.33.

Pembina Pipeline Stock Down 0.2 %

Shares of PBA opened at $34.13 on Wednesday. The firm has a market cap of $19.78 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 5.05 and a beta of 1.20. Pembina Pipeline has a 12-month low of $28.15 and a 12-month high of $36.17. The company’s 50-day moving average price is $34.82 and its 200 day moving average price is $33.46. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.72.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.4944 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.79%. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, March 14th. Pembina Pipeline’s dividend payout ratio is presently 89.14%.

Institutional Trading of Pembina Pipeline

A number of large investors have recently made changes to their positions in PBA. ICA Group Wealth Management LLC acquired a new position in Pembina Pipeline in the fourth quarter valued at approximately $25,000. Baystate Wealth Management LLC acquired a new position in Pembina Pipeline in the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC boosted its holdings in Pembina Pipeline by 74.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 462 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new position in Pembina Pipeline in the second quarter valued at approximately $41,000. Finally, Harbour Investments Inc. boosted its holdings in Pembina Pipeline by 36.6% in the second quarter. Harbour Investments Inc. now owns 1,346 shares of the pipeline company’s stock valued at $42,000 after purchasing an additional 361 shares in the last quarter. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

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.