Zacks Research Forecasts Lower Earnings for Pembina Pipeline

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Equities researchers at Zacks Research lowered their FY2024 earnings per share estimates for shares of Pembina Pipeline in a research report issued on Monday, November 25th. Zacks Research analyst T. Saha now anticipates that the pipeline company will post earnings per share of $2.15 for the year, down from their prior estimate of $2.30. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.29 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.62 EPS, Q1 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.69 EPS, Q1 2026 earnings at $1.53 EPS, Q2 2026 earnings at $0.38 EPS, Q3 2026 earnings at $0.41 EPS and FY2026 earnings at $2.48 EPS.

A number of other analysts also recently commented on PBA. Raymond James initiated coverage on Pembina Pipeline in a research report on Friday, October 11th. They issued an “outperform” rating for the company. UBS Group initiated coverage on Pembina Pipeline in a research report on Wednesday, September 11th. They set a “neutral” rating for the company. Finally, Citigroup raised 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. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.50.

Pembina Pipeline Price Performance

Shares of PBA stock opened at $41.19 on Thursday. The stock has a 50 day moving average of $41.97 and a two-hundred day moving average of $39.43. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Pembina Pipeline has a 12 month low of $32.39 and a 12 month high of $43.44. The company has a market capitalization of $23.91 billion, a P/E ratio of 17.02 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 6.70%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 84.30%.

Institutional Investors Weigh In On Pembina Pipeline

A number of hedge funds and other institutional investors have recently bought and sold shares of PBA. Janus Henderson Group PLC increased its holdings in Pembina Pipeline by 3.4% during the 1st quarter. Janus Henderson Group PLC now owns 60,676 shares of the pipeline company’s stock valued at $2,144,000 after purchasing an additional 2,000 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Pembina Pipeline by 10.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 19,628 shares of the pipeline company’s stock valued at $694,000 after purchasing an additional 1,843 shares in the last quarter. Beacon Capital Management LLC acquired a new stake in Pembina Pipeline during the 1st quarter valued at $37,000. Cetera Investment Advisers increased its holdings in Pembina Pipeline by 105.1% during the 1st quarter. Cetera Investment Advisers now owns 48,237 shares of the pipeline company’s stock valued at $1,705,000 after purchasing an additional 24,717 shares in the last quarter. Finally, Cetera Advisors LLC increased its holdings in Pembina Pipeline by 248.9% during the 1st quarter. Cetera Advisors LLC now owns 31,948 shares of the pipeline company’s stock valued at $1,129,000 after purchasing an additional 22,790 shares in the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

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.