Zacks Research Has Bearish Estimate for PBA FY2024 Earnings

Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL - Investment analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for Pembina Pipeline in a research note issued on Monday, December 9th. Zacks Research analyst T. Saha now expects that the pipeline company will earn $2.13 per share for the year, down from their previous forecast of $2.15. The consensus estimate for Pembina Pipeline's current full-year earnings is $2.26 per share. Zacks Research also issued estimates for Pembina Pipeline's Q4 2024 earnings at $0.60 EPS, Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.53 EPS, FY2025 earnings at $2.20 EPS, Q2 2026 earnings at $0.33 EPS, Q3 2026 earnings at $0.37 EPS and FY2026 earnings at $2.33 EPS.

PBA has been the topic of several other reports. Raymond James began coverage on Pembina Pipeline in a research report on Friday, October 11th. They set an "outperform" rating on the stock. UBS Group initiated coverage on Pembina Pipeline in a report on Wednesday, September 11th. They issued a "neutral" rating on the stock. Finally, Citigroup raised their price target on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a "neutral" rating in a report on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $56.50.

Pembina Pipeline Stock Down 0.2 %

NYSE:PBA traded down $0.06 during trading hours on Wednesday, hitting $38.91. 501,726 shares of the stock traded hands, compared to its average volume of 1,132,016. The firm has a 50 day moving average price of $41.86 and a 200 day moving average price of $39.63. The firm has a market cap of $22.59 billion, a price-to-earnings ratio of 16.10 and a beta of 1.24. Pembina Pipeline has a fifty-two week low of $32.39 and a fifty-two week high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.69 per share. The ex-dividend date is Monday, December 16th. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.50. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.09%. Pembina Pipeline's dividend payout ratio (DPR) is 84.30%.

Hedge Funds Weigh In On Pembina Pipeline

A number of hedge funds have recently added to or reduced their stakes in PBA. Godsey & Gibb Inc. acquired a new position in shares of Pembina Pipeline during the 3rd quarter worth $25,000. Safe Harbor Fiduciary LLC bought a new position in Pembina Pipeline during the third quarter valued at about $26,000. Prospera Private Wealth LLC acquired a new stake in shares of Pembina Pipeline in the third quarter worth about $26,000. Dunhill Financial LLC bought a new stake in shares of Pembina Pipeline during the 3rd quarter worth about $28,000. Finally, Blue Trust Inc. increased its holdings in shares of Pembina Pipeline by 223.8% during the 3rd quarter. Blue Trust Inc. now owns 735 shares of the pipeline company's stock valued at $30,000 after acquiring an additional 508 shares during 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.