Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL - Stock analysts at Zacks Research increased their FY2024 earnings per share estimates for shares of Pembina Pipeline in a report issued on Tuesday, April 16th. Zacks Research analyst T. Saha now anticipates that the pipeline company will post earnings per share of $2.02 for the year, up from their prior estimate of $2.01. 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 FY2025 earnings at $1.87 EPS.
PBA has been the topic of several other reports. StockNews.com upgraded Pembina Pipeline from a "hold" rating to a "buy" rating in a report on Friday, April 12th. TheStreet upgraded Pembina Pipeline from a "c" rating to a "b-" rating in a research note on Thursday, February 29th. One equities 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.com, Pembina Pipeline currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.33.
Check Out Our Latest Stock Report on Pembina Pipeline
Pembina Pipeline Trading Up 0.4 %
Shares of Pembina Pipeline stock traded up $0.14 on Thursday, hitting $34.29. 881,629 shares of the company traded hands, compared to its average volume of 1,053,124. 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 has a market cap of $19.87 billion, a PE ratio of 15.51, a PEG ratio of 5.00 and a beta of 1.20. The stock's 50 day moving average price is $34.83 and its 200-day moving average price is $33.46. Pembina Pipeline has a 52 week low of $28.15 and a 52 week high of $36.17.
Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.34. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.83 billion. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%.
Pembina Pipeline Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.4944 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.98 dividend on an annualized basis and a yield of 5.77%. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's dividend payout ratio is currently 89.14%.
Institutional Investors Weigh In On Pembina Pipeline
A number of institutional investors have recently added to or reduced their stakes in PBA. Massmutual Trust Co. FSB ADV grew its holdings in Pembina Pipeline by 22.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company's stock worth $61,000 after purchasing an additional 329 shares during the last quarter. Harbour Investments Inc. grew its stake in Pembina Pipeline by 36.6% during the 2nd quarter. Harbour Investments Inc. now owns 1,346 shares of the pipeline company's stock worth $42,000 after buying an additional 361 shares during the last quarter. Advisor Partners II LLC increased its position in Pembina Pipeline by 4.8% during the 1st quarter. Advisor Partners II LLC now owns 8,437 shares of the pipeline company's stock valued at $273,000 after buying an additional 390 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Pembina Pipeline by 1.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company's stock worth $1,143,000 after acquiring an additional 438 shares in the last quarter. Finally, Teamwork Financial Advisors LLC grew its stake in shares of Pembina Pipeline by 5.3% during the third quarter. Teamwork Financial Advisors LLC now owns 9,129 shares of the pipeline company's stock worth $274,000 after acquiring an additional 462 shares during the last quarter. 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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