Pembina Pipeline Co. (NYSE:PBA) to Post Q1 2024 Earnings of $0.61 Per Share, Atb Cap Markets Forecasts

Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL - Research analysts at Atb Cap Markets issued their Q1 2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a report released on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood expects that the pipeline company will post earnings of $0.61 per share for the quarter. The consensus estimate for Pembina Pipeline's current full-year earnings is $2.24 per share.

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 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 analysts' expectations of $1.83 billion. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%.

A number of other equities research analysts have also recently weighed in on PBA. StockNews.com upgraded Pembina Pipeline from a "hold" rating to a "buy" rating in a report on Friday, April 12th. CIBC upped their price target on Pembina Pipeline from $56.00 to $57.00 and gave the stock an "outperformer" rating in a report on Friday, April 19th. Finally, TheStreet raised Pembina Pipeline from a "c" rating to a "b-" rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $52.00.

Pembina Pipeline Price Performance

Shares of PBA traded up $0.22 on Thursday, reaching $35.71. The stock had a trading volume of 639,367 shares, compared to its average volume of 1,045,014. The firm has a market capitalization of $20.69 billion, a PE ratio of 16.16, a PEG ratio of 5.29 and a beta of 1.20. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average of $35.00 and a 200 day moving average of $33.69. Pembina Pipeline has a twelve month low of $28.15 and a twelve month high of $36.17.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PBA. CWM LLC lifted its stake in shares of Pembina Pipeline by 23.2% during the 3rd quarter. CWM LLC now owns 2,938 shares of the pipeline company's stock worth $88,000 after purchasing an additional 554 shares during the period. SG Americas Securities LLC lifted its stake in shares of Pembina Pipeline by 456.7% during the 3rd quarter. SG Americas Securities LLC now owns 17,960 shares of the pipeline company's stock worth $540,000 after purchasing an additional 14,734 shares during the period. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in shares of Pembina Pipeline by 4.2% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,963 shares of the pipeline company's stock worth $905,000 after purchasing an additional 1,221 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Pembina Pipeline by 11,740.8% during the 3rd quarter. Lindbrook Capital LLC now owns 24,392 shares of the pipeline company's stock worth $733,000 after purchasing an additional 24,186 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Pembina Pipeline by 21.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 123,823 shares of the pipeline company's stock worth $3,740,000 after purchasing an additional 21,652 shares during the period. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.4944 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.98 dividend on an annualized basis and a yield of 5.54%. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's dividend payout ratio is presently 89.14%.

Pembina Pipeline Company Profile

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.