Raymond James Initiates Coverage on Pembina Pipeline (NYSE:PBA)

Raymond James began coverage on shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) in a report issued on Friday, Marketbeat.com reports. The firm issued an outperform rating on the pipeline company’s stock. Raymond James also issued estimates for Pembina Pipeline’s FY2025 earnings at $2.52 EPS, FY2026 earnings at $2.60 EPS, FY2027 earnings at $2.69 EPS and FY2028 earnings at $3.02 EPS.

Other analysts have also recently issued research 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 report on Wednesday, August 28th. UBS Group initiated coverage on Pembina Pipeline in a report on Wednesday, September 11th. They set a neutral rating for the company. 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, the stock has an average rating of Hold and a consensus target price of $56.50.

Pembina Pipeline Stock Up 0.9 %

PBA opened at $42.73 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.68 and a quick ratio of 0.55. The stock has a market capitalization of $24.78 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 5.86 and a beta of 1.25. The business has a 50-day moving average of $40.32 and a two-hundred day moving average of $37.87. Pembina Pipeline has a 12 month low of $30.05 and a 12 month high of $42.90.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, August 8th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.54 by $0.21. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The firm’s revenue was up 30.5% on a year-over-year basis. On average, research analysts expect that Pembina Pipeline will post 2.42 earnings per share for the current year.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date was Monday, September 16th. Pembina Pipeline’s dividend payout ratio is presently 88.70%.

Hedge Funds Weigh In On Pembina Pipeline

A number of institutional investors have recently made changes to their positions in the business. Beacon Capital Management LLC acquired a new stake in shares of Pembina Pipeline during the 1st quarter valued at approximately $37,000. Creekmur Asset Management LLC acquired a new stake in shares of Pembina Pipeline during the 4th quarter valued at approximately $62,000. EverSource Wealth Advisors LLC raised its position in shares of Pembina Pipeline by 30.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock valued at $65,000 after acquiring an additional 387 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Pembina Pipeline during the 1st quarter valued at approximately $88,000. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Pembina Pipeline by 47.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,511 shares of the pipeline company’s stock valued at $93,000 after acquiring an additional 805 shares in the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

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.