FY2024 EPS Estimate for Pembina Pipeline Reduced by Analyst

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – National Bank Financial decreased their FY2024 EPS estimates for shares of Pembina Pipeline in a research note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the pipeline company will post earnings per share of $2.37 for the year, down from their previous estimate of $2.44. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.25 per share. National Bank Financial also issued estimates for Pembina Pipeline’s FY2028 earnings at $2.69 EPS.

Several other analysts also recently weighed in on PBA. UBS Group initiated coverage on Pembina Pipeline in a research report on Wednesday, September 11th. They set a “neutral” rating for the company. Raymond James assumed coverage on shares of Pembina Pipeline in a research report on Friday, October 11th. They set an “outperform” rating for the company. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Barclays initiated coverage on Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Stock Up 0.1 %

NYSE PBA opened at $36.61 on Wednesday. The business has a fifty day moving average price of $39.57 and a two-hundred day moving average price of $39.69. The stock has a market capitalization of $21.25 billion, a PE ratio of 15.13 and a beta of 1.25. Pembina Pipeline has a fifty-two week low of $32.81 and a fifty-two week high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.69 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 7.54%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. PDT Partners LLC bought a new stake in Pembina Pipeline in the third quarter worth approximately $1,329,000. JPMorgan Chase & Co. increased its stake in Pembina Pipeline by 18.2% in the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock valued at $167,000,000 after purchasing an additional 624,958 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Pembina Pipeline by 7.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company’s stock valued at $527,000 after buying an additional 860 shares in the last quarter. FMR LLC raised its stake in Pembina Pipeline by 1,396.8% during the 3rd quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock worth $22,573,000 after buying an additional 510,873 shares during the period. Finally, Fiera Capital Corp boosted its holdings in Pembina Pipeline by 15.5% in the third quarter. Fiera Capital Corp now owns 1,196,390 shares of the pipeline company’s stock worth $49,381,000 after acquiring an additional 160,946 shares in the last quarter. 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.