Brokers Offer Predictions for Pembina Pipeline Co.’s Q1 2024 Earnings (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Atb Cap Markets issued their Q1 2024 earnings estimates for shares of Pembina Pipeline in a report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood forecasts that the pipeline company will earn $0.61 per share for the quarter. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.24 per share.

A number of other brokerages also recently commented on PBA. TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. CIBC upped their target price on shares of Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a report on Friday, April 19th. Finally, StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Pembina Pipeline Trading Up 0.3 %

Shares of NYSE:PBA opened at $35.82 on Thursday. Pembina Pipeline has a 52 week low of $28.15 and a 52 week high of $36.17. The company’s 50 day moving average is $35.04 and its two-hundred day moving average is $33.73. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.72. The company has a market cap of $20.76 billion, a PE ratio of 16.21, a P/E/G ratio of 5.29 and a beta of 1.20.

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

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.4944 dividend. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, March 14th. This represents a $1.98 annualized dividend and a dividend yield of 5.52%. Pembina Pipeline’s dividend payout ratio is presently 89.14%.

Institutional Trading of Pembina Pipeline

A number of large investors have recently bought and sold shares of the business. Triasima Portfolio Management inc. boosted its stake in Pembina Pipeline by 5.0% during the 1st quarter. Triasima Portfolio Management inc. now owns 525,941 shares of the pipeline company’s stock worth $18,564,000 after purchasing an additional 24,821 shares during the period. Lindbrook Capital LLC boosted its stake in Pembina Pipeline by 3.9% during the 1st quarter. Lindbrook Capital LLC now owns 24,473 shares of the pipeline company’s stock worth $865,000 after purchasing an additional 909 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Pembina Pipeline by 326.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 515,332 shares of the pipeline company’s stock worth $18,207,000 after purchasing an additional 394,437 shares during the period. Albert D Mason Inc. boosted its stake in Pembina Pipeline by 2.0% during the 1st quarter. Albert D Mason Inc. now owns 42,653 shares of the pipeline company’s stock worth $1,507,000 after purchasing an additional 825 shares during the period. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in Pembina Pipeline by 2.2% during the 1st quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,456,805 shares of the pipeline company’s stock worth $51,483,000 after purchasing an additional 31,000 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

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.