FY2024 EPS Estimates for Pembina Pipeline Co. (NYSE:PBA) Boosted by Zacks Research

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Zacks Research increased their FY2024 EPS estimates for Pembina Pipeline in a research note issued on Tuesday, April 16th. Zacks Research analyst T. Saha now forecasts that the pipeline company will post earnings per share of $2.02 for the year, up from their prior estimate of $2.01. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.28 per share. Zacks Research also issued estimates for Pembina Pipeline’s FY2025 earnings at $1.87 EPS.

Other analysts have also issued research reports about the company. StockNews.com upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. TheStreet upgraded Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $50.33.

Pembina Pipeline Stock Up 0.4 %

Shares of NYSE PBA opened at $34.29 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.71 and a current ratio of 0.82. The firm has a market capitalization of $19.87 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 5.00 and a beta of 1.20. The stock has a 50 day moving average price of $34.83 and a 200 day moving average price of $33.46. Pembina Pipeline has a 52-week low of $28.15 and a 52-week high of $36.17.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.83 billion. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.4944 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.77%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s dividend payout ratio (DPR) is presently 89.14%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in Pembina Pipeline during the 4th quarter worth about $132,486,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Pembina Pipeline by 340.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,640,000 shares of the pipeline company’s stock valued at $79,412,000 after acquiring an additional 2,040,000 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Pembina Pipeline in the 4th quarter valued at about $69,047,000. Goldman Sachs Group Inc. increased its holdings in shares of Pembina Pipeline by 44.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,090,881 shares of the pipeline company’s stock valued at $209,648,000 after acquiring an additional 1,860,151 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Pembina Pipeline by 403.7% in the 1st quarter. Wellington Management Group LLP now owns 2,229,313 shares of the pipeline company’s stock valued at $83,832,000 after acquiring an additional 1,786,692 shares during the last quarter. 55.37% of the stock is currently owned by hedge funds and other 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.