Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL - Equities researchers at Zacks Research raised their Q2 2024 EPS estimates for shares of Pembina Pipeline in a research report issued on Tuesday, April 16th. Zacks Research analyst T. Saha now anticipates that the pipeline company will post earnings per share of $0.42 for the quarter, up from their prior forecast of $0.40. The consensus estimate for Pembina Pipeline's current full-year earnings is $2.28 per share. Zacks Research also issued estimates for Pembina Pipeline's Q3 2024 earnings at $0.54 EPS, Q4 2024 earnings at $0.62 EPS, Q1 2026 earnings at $0.78 EPS and FY2026 earnings at $2.59 EPS.
Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.34. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.83 billion.
PBA has been the subject of a number of other reports. TheStreet raised shares of Pembina Pipeline from a "c" rating to a "b-" rating in a research note on Thursday, February 29th. StockNews.com raised shares of Pembina Pipeline from a "hold" rating to a "buy" rating in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $50.33.
View Our Latest Analysis on Pembina Pipeline
Pembina Pipeline Trading Down 0.2 %
Shares of PBA stock traded down $0.07 during trading hours on Wednesday, reaching $34.13. 735,519 shares of the stock were exchanged, compared to its average volume of 1,055,442. Pembina Pipeline has a 12-month low of $28.15 and a 12-month high of $36.17. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.72. The company's 50-day moving average price is $34.82 and its 200-day moving average price is $33.46. The firm has a market capitalization of $19.78 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 5.05 and a beta of 1.20.
Pembina Pipeline Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.4944 dividend. This represents a $1.98 annualized dividend and a yield of 5.79%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, March 14th. Pembina Pipeline's payout ratio is 89.14%.
Institutional Investors Weigh In On Pembina Pipeline
Large investors have recently added to or reduced their stakes in the stock. Triasima Portfolio Management inc. bought a new stake in shares of Pembina Pipeline in the 4th quarter valued at about $17,285,000. Legal & General Group Plc raised its holdings in shares of Pembina Pipeline by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 4,880,904 shares of the pipeline company's stock valued at $147,430,000 after purchasing an additional 180,798 shares in the last quarter. Baskin Financial Services Inc. raised its holdings in shares of Pembina Pipeline by 5.0% in the 4th quarter. Baskin Financial Services Inc. now owns 196,108 shares of the pipeline company's stock valued at $6,749,000 after purchasing an additional 9,306 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Pembina Pipeline by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 21,222,536 shares of the pipeline company's stock valued at $637,949,000 after purchasing an additional 351,266 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Pembina Pipeline by 1.0% in the 3rd quarter. Deutsche Bank AG now owns 13,391,140 shares of the pipeline company's stock valued at $402,538,000 after purchasing an additional 131,487 shares in the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.
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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