Research Analysts Issue Forecasts for Pembina Pipeline Co.’s Q2 2024 Earnings (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Research analysts at Zacks Research boosted their Q2 2024 earnings estimates for Pembina Pipeline in a research note issued to investors on Tuesday, April 16th. Zacks Research analyst T. Saha now forecasts that the pipeline company will earn $0.42 per share for the quarter, up from their previous forecast of $0.40. 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 Q3 2024 earnings at $0.54 EPS, Q4 2024 earnings at $0.62 EPS, Q1 2026 earnings at $0.78 EPS and FY2026 earnings at $2.59 EPS.

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

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

Pembina Pipeline Stock Performance

NYSE PBA opened at $34.29 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.72. The firm’s fifty day moving average price is $34.83 and its two-hundred day moving average price is $33.46. Pembina Pipeline has a 1 year low of $28.15 and a 1 year high of $36.17. The firm has a market capitalization of $19.87 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 5.00 and a beta of 1.20.

Institutional Investors Weigh In On Pembina Pipeline

Large investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Pembina Pipeline by 1.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company’s stock valued at $1,143,000 after purchasing an additional 438 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Pembina Pipeline by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 575,920 shares of the pipeline company’s stock valued at $21,655,000 after acquiring an additional 3,604 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Pembina Pipeline by 53.4% in the 1st quarter. American Century Companies Inc. now owns 39,699 shares of the pipeline company’s stock valued at $1,492,000 after acquiring an additional 13,820 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Pembina Pipeline by 8.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,446 shares of the pipeline company’s stock valued at $656,000 after purchasing an additional 1,420 shares during the period. Finally, HighTower Advisors LLC grew its position in Pembina Pipeline by 20.3% in the 1st quarter. HighTower Advisors LLC now owns 39,252 shares of the pipeline company’s stock valued at $1,478,000 after purchasing an additional 6,629 shares during the period. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Increases Dividend

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

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.