National Bank Financial Comments on PBA FY2025 Earnings

Key Points

• National Bank Financial lowered its FY2025 EPS estimate for Pembina Pipeline to $2.55 from $2.56, while maintaining a "Strong-Buy" rating on the stock, which has a consensus rating of "Moderate Buy."
• Pembina Pipeline announced an increase in its quarterly dividend to $0.71, representing an annualized yield of 8.0%, a positive change from the previous $0.51 dividend.
• Recent research from various analysts has led to mixed ratings, with two downgrades to "sell," but many maintaining or upgrading to "buy" or "outperform" ratings, indicating diverse investor sentiment towards the stock.

Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL - Investment analysts at National Bank Financial reduced their FY2025 EPS estimates for shares of Pembina Pipeline in a note issued to investors on Sunday, August 10th. National Bank Financial analyst P. Kenny now anticipates that the pipeline company will earn $2.55 per share for the year, down from their prior estimate of $2.56. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Pembina Pipeline's current full-year earnings is $2.15 per share.

Other analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Pembina Pipeline from a "hold" rating to a "sell" rating in a report on Saturday. Jefferies Financial Group downgraded shares of Pembina Pipeline from a "buy" rating to a "hold" rating in a report on Wednesday, July 23rd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Pembina Pipeline in a report on Monday. National Bankshares raised shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a report on Thursday, June 26th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Pembina Pipeline in a report on Monday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $56.00.

Pembina Pipeline Stock Performance

NYSE PBA opened at $35.67 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $20.72 billion, a P/E ratio of 16.75 and a beta of 0.78. Pembina Pipeline has a 12-month low of $34.13 and a 12-month high of $43.44. The firm has a 50-day moving average price of $37.12 and a two-hundred day moving average price of $37.51.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Monday, September 15th. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.51. Pembina Pipeline's payout ratio is currently 97.18%.

Hedge Funds Weigh In On Pembina Pipeline

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. raised its stake in Pembina Pipeline by 69.9% during the first quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock worth $27,000 after buying an additional 277 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in Pembina Pipeline during the first quarter worth $27,000. Dunhill Financial LLC raised its stake in Pembina Pipeline by 100.0% during the fourth quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company's stock worth $50,000 after buying an additional 675 shares during the last quarter. Larson Financial Group LLC raised its stake in Pembina Pipeline by 53.4% during the first quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company's stock worth $54,000 after buying an additional 467 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in Pembina Pipeline by 108.3% during the first quarter. Versant Capital Management Inc now owns 1,525 shares of the pipeline company's stock worth $61,000 after buying an additional 793 shares during the last quarter. Institutional investors own 55.37% of the company's stock.

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.

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