Research Analysts Issue Forecasts for PBA FY2024 Earnings

Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL - Equities research analysts at National Bank Financial cut their FY2024 earnings per share estimates for Pembina Pipeline in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the pipeline company will post earnings per share of $2.37 for the year, down from their previous forecast 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.

PBA has been the topic of several other research reports. Barclays assumed coverage on Pembina Pipeline in a report on Thursday, December 12th. They set an "overweight" rating on the stock. Wells Fargo & Company lowered shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. UBS Group started coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th. They set a "neutral" rating for the company. Finally, Raymond James began coverage on Pembina Pipeline in a research report on Friday, October 11th. They issued an "outperform" 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. According to MarketBeat, Pembina Pipeline currently has an average rating of "Hold" and an average price target of $56.50.

Pembina Pipeline Stock Performance

Shares of PBA stock traded up $0.32 during trading on Wednesday, reaching $36.96. The company had a trading volume of 602,609 shares, compared to its average volume of 1,352,281. The firm's 50 day simple moving average is $39.57 and its two-hundred day simple moving average is $39.69. Pembina Pipeline has a one year low of $32.81 and a one year 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. The company has a market capitalization of $21.46 billion, a PE ratio of 15.27 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 7.47%. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.50. The ex-dividend date was Monday, December 16th. Pembina Pipeline's dividend payout ratio (DPR) is currently 84.30%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Godsey & Gibb Inc. bought a new position in Pembina Pipeline during the third quarter valued at about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Pembina Pipeline during the third quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Pembina Pipeline during the third quarter valued at approximately $26,000. Versant Capital Management Inc acquired a new position in shares of Pembina Pipeline in the fourth quarter valued at $27,000. Finally, Dunhill Financial LLC bought a new position in Pembina Pipeline in the third quarter worth $28,000. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Company Profile

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.