Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL - Analysts at Zacks Research decreased their FY2024 earnings per share estimates for Pembina Pipeline in a research report issued on Monday, November 25th. Zacks Research analyst T. Saha now expects that the pipeline company will earn $2.15 per share for the year, down from their prior forecast of $2.30. The consensus estimate for Pembina Pipeline's current full-year earnings is $2.29 per share. Zacks Research also issued estimates for Pembina Pipeline's Q4 2024 earnings at $0.62 EPS, Q1 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.69 EPS, Q1 2026 earnings at $1.53 EPS, Q2 2026 earnings at $0.38 EPS, Q3 2026 earnings at $0.41 EPS and FY2026 earnings at $2.48 EPS.
Other research analysts have also recently issued reports about the company. Citigroup boosted their target price on Pembina Pipeline from $53.00 to $56.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 28th. Raymond James started coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They set an "outperform" rating on the stock. Finally, UBS Group began coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They issued a "neutral" rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Pembina Pipeline has an average rating of "Hold" and a consensus target price of $56.50.
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Pembina Pipeline Stock Down 0.1 %
PBA stock traded down $0.03 during midday trading on Thursday, hitting $41.19. The company's stock had a trading volume of 707,175 shares, compared to its average volume of 1,118,109. The firm has a market capitalization of $23.91 billion, a P/E ratio of 17.02 and a beta of 1.25. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. Pembina Pipeline has a 52-week low of $32.39 and a 52-week high of $43.44. The firm has a 50-day simple moving average of $41.97 and a 200-day simple moving average of $39.43.
Hedge Funds Weigh In On Pembina Pipeline
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Godsey & Gibb Inc. purchased a new stake in shares of Pembina Pipeline in the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new stake in Pembina Pipeline in the third quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC purchased a new stake in Pembina Pipeline in the third quarter valued at approximately $26,000. Dunhill Financial LLC acquired a new stake in shares of Pembina Pipeline in the third quarter valued at approximately $28,000. Finally, Blue Trust Inc. grew its position in shares of Pembina Pipeline by 223.8% during the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company's stock worth $30,000 after acquiring an additional 508 shares during the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.
Pembina Pipeline Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 6.70%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.50. Pembina Pipeline's dividend payout ratio (DPR) is 84.30%.
Pembina Pipeline Company Profile
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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.
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