National Bank Financial Forecasts PBA FY2024 Earnings

Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL - Research analysts at National Bank Financial decreased their FY2024 EPS estimates for Pembina Pipeline in a research report issued on Wednesday, November 6th. National Bank Financial analyst P. Kenny now expects that the pipeline company will earn $2.44 per share for the year, down from their previous estimate of $2.64. The consensus estimate for Pembina Pipeline's current full-year earnings is $2.38 per share.

Several other research firms have also recently commented on PBA. UBS Group started coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They set a "neutral" rating on the stock. Citigroup increased their price target on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, August 28th. Finally, Raymond James began coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They set an "outperform" rating on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $56.50.

Pembina Pipeline Price Performance

Shares of PBA traded down $0.25 during mid-day trading on Friday, hitting $40.97. 627,948 shares of the company traded hands, compared to its average volume of 713,027. Pembina Pipeline has a one year low of $31.51 and a one year high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.55 and a debt-to-equity ratio of 0.79. The business has a 50-day moving average of $41.60 and a 200 day moving average of $38.80. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 16.93 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its quarterly earnings results on Thursday, August 8th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.54 by $0.21. Pembina Pipeline had a net margin of 25.39% and a return on equity of 13.62%. The business had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. Pembina Pipeline's revenue was up 30.5% compared to the same quarter last year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.50. This represents a $2.76 dividend on an annualized basis and a yield of 6.74%. Pembina Pipeline's dividend payout ratio (DPR) is presently 84.30%.

Hedge Funds Weigh In On Pembina Pipeline

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CENTRAL TRUST Co boosted its stake in Pembina Pipeline by 65.0% in the third quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company's stock valued at $34,000 after acquiring an additional 325 shares during the last quarter. Granite Group Advisors LLC raised its holdings in Pembina Pipeline by 5.2% in the first quarter. Granite Group Advisors LLC now owns 6,719 shares of the pipeline company's stock worth $237,000 after purchasing an additional 330 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Pembina Pipeline by 1.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company's stock worth $770,000 after purchasing an additional 334 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Pembina Pipeline by 30.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company's stock worth $65,000 after purchasing an additional 387 shares during the period. Finally, Gold Investment Management Ltd. raised its holdings in Pembina Pipeline by 4.2% in the third quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company's stock worth $453,000 after purchasing an additional 439 shares during the period. 55.37% of the stock is owned by 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.