Zacks Research Predicts Lower Earnings for Pembina Pipeline

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Zacks Research cut their FY2024 EPS estimates for shares of Pembina Pipeline in a research report issued on Monday, December 9th. Zacks Research analyst T. Saha now forecasts that the pipeline company will post earnings per share of $2.13 for the year, down from their previous estimate 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.

Several other brokerages have also recently issued reports on PBA. Raymond James initiated coverage on Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating on the stock. UBS Group initiated coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They set a “neutral” rating on the stock. Finally, Citigroup lifted their price target on Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Stock Down 0.7 %

Shares of PBA opened at $38.97 on Wednesday. The firm has a market capitalization of $22.62 billion, a P/E ratio of 16.10 and a beta of 1.24. Pembina Pipeline has a 12-month low of $32.39 and a 12-month high of $43.44. The firm has a fifty day moving average price of $41.86 and a 200-day moving average price of $39.63. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Hedge Funds Weigh In On Pembina Pipeline

Several institutional investors have recently made changes to their positions in PBA. Franklin Resources Inc. lifted its stake in Pembina Pipeline by 14.2% during the third quarter. Franklin Resources Inc. now owns 1,024,065 shares of the pipeline company’s stock worth $44,518,000 after purchasing an additional 127,027 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Pembina Pipeline by 10.2% during the third quarter. Geode Capital Management LLC now owns 2,715,428 shares of the pipeline company’s stock worth $113,531,000 after purchasing an additional 251,982 shares in the last quarter. Barclays PLC grew its holdings in shares of Pembina Pipeline by 86.5% in the third quarter. Barclays PLC now owns 53,970 shares of the pipeline company’s stock valued at $2,226,000 after purchasing an additional 25,031 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Pembina Pipeline during the 3rd quarter worth approximately $2,094,000. Finally, MML Investors Services LLC acquired a new stake in Pembina Pipeline during the 3rd quarter worth approximately $228,000. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.69 dividend. The ex-dividend date of this dividend 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 yield of 7.08%. Pembina Pipeline’s payout ratio is presently 84.30%.

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.