Q2 2024 EPS Estimates for Pembina Pipeline Co. Raised by Zacks Research (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBAFree Report) (TSE:PPL) – Analysts at Zacks Research lifted their Q2 2024 earnings per share (EPS) estimates for Pembina Pipeline in a note issued to investors on Friday, May 24th. Zacks Research analyst T. Saha now expects that the pipeline company will earn $0.46 per share for the quarter, up from their prior forecast of $0.42. 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 $0.58 EPS, FY2024 earnings at $2.10 EPS, Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.67 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.52 EPS, FY2025 earnings at $2.13 EPS and FY2026 earnings at $2.58 EPS.

Other research analysts have also issued reports about the company. TheStreet raised Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. Scotiabank cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 19th. StockNews.com cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, CIBC lifted their price target on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research report on Friday, April 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Pembina Pipeline currently has a consensus rating of “Hold” and an average target price of $52.00.

Check Out Our Latest Research Report on Pembina Pipeline

Pembina Pipeline Stock Up 0.7 %

PBA opened at $36.52 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.93 and a current ratio of 1.03. The company has a market capitalization of $21.16 billion, a PE ratio of 15.88, a P/E/G ratio of 5.32 and a beta of 1.20. The stock’s fifty day moving average is $35.66 and its 200-day moving average is $34.57. Pembina Pipeline has a one year low of $28.15 and a one year high of $37.47.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.501 per share. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend is Monday, June 17th. Pembina Pipeline’s payout ratio is 86.96%.

Institutional Trading of Pembina Pipeline

Hedge funds have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV raised its position in Pembina Pipeline by 22.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock valued at $61,000 after buying an additional 329 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Pembina Pipeline by 74.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 462 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Pembina Pipeline by 6.0% during the first quarter. Janney Montgomery Scott LLC now owns 9,475 shares of the pipeline company’s stock worth $335,000 after purchasing an additional 538 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Pembina Pipeline by 3.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 15,872 shares of the pipeline company’s stock worth $549,000 after purchasing an additional 547 shares during the period. Finally, Gulf International Bank UK Ltd grew its position in Pembina Pipeline by 15.9% during the fourth quarter. Gulf International Bank UK Ltd now owns 3,999 shares of the pipeline company’s stock valued at $137,000 after purchasing an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

About Pembina Pipeline

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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.

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Earnings History and Estimates for Pembina Pipeline (NYSE:PBA)

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