Research Analysts Offer Predictions for PBA FY2024 Earnings

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Research analysts at Atb Cap Markets cut their FY2024 earnings per share estimates for Pembina Pipeline in a research report issued to clients and investors on Wednesday, November 6th. Atb Cap Markets analyst N. Heywood now anticipates that the pipeline company will post earnings per share of $2.10 for the year, down from their previous forecast of $2.26. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.38 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.60 EPS, Q1 2025 earnings at $0.54 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.58 EPS and Q4 2025 earnings at $0.59 EPS.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue was up 30.5% on a year-over-year basis.

PBA has been the subject of several other research reports. UBS Group assumed coverage on Pembina Pipeline in a research report on Wednesday, September 11th. They set a “neutral” rating for the company. Citigroup increased their target price on Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Finally, Raymond James started coverage on Pembina Pipeline in a research report on Friday, October 11th. They set an “outperform” rating for the company. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.50.

Pembina Pipeline Stock Performance

NYSE:PBA opened at $41.22 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77. Pembina Pipeline has a 12-month low of $31.51 and a 12-month high of $43.44. The stock has a 50-day moving average price of $41.60 and a 200 day moving average price of $38.80. The stock has a market capitalization of $23.93 billion, a P/E ratio of 17.18 and a beta of 1.25.

Hedge Funds Weigh In On Pembina Pipeline

A number of institutional investors and hedge funds have recently modified their holdings of the stock. CENTRAL TRUST Co boosted its holdings in shares of Pembina Pipeline by 65.0% in the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 325 shares during the period. Granite Group Advisors LLC boosted its holdings in shares of Pembina Pipeline by 5.2% in the 1st quarter. Granite Group Advisors LLC now owns 6,719 shares of the pipeline company’s stock worth $237,000 after purchasing an additional 330 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Pembina Pipeline by 1.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock worth $770,000 after purchasing an additional 334 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Pembina Pipeline by 30.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock worth $65,000 after purchasing an additional 387 shares during the period. Finally, Gold Investment Management Ltd. boosted its holdings in shares of Pembina Pipeline by 4.2% in the 3rd quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company’s stock worth $453,000 after purchasing an additional 439 shares during the period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Increases Dividend

The company 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 dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 6.70%. The ex-dividend date is Monday, December 16th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) is currently 85.00%.

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.