PBA FY2027 EPS Estimate Reduced by Raymond James Financial

Key Points

• Raymond James Financial has reduced its FY2027 earnings estimate for Pembina Pipeline Corp. to $2.34 per share, down from $2.41, while maintaining an "Outperform" rating.
• Pembina recently announced an increase in its quarterly dividend to $0.71, up from $0.51, yielding 6.9% annually.
• The consensus rating for Pembina Pipeline among analysts is a "Moderate Buy," with varied ratings reflecting recent upgrades and downgrades by multiple brokerages.

Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL - Investment analysts at Raymond James Financial decreased their FY2027 earnings estimates for shares of Pembina Pipeline in a report issued on Monday, October 6th. Raymond James Financial analyst M. Barth now forecasts that the pipeline company will earn $2.34 per share for the year, down from their prior estimate of $2.41. Raymond James Financial has a "Outperform" rating on the stock. The consensus estimate for Pembina Pipeline's current full-year earnings is $2.15 per share.

Several other brokerages also recently issued reports on PBA. Weiss Ratings reiterated a "hold (c+)" rating on shares of Pembina Pipeline in a research note on Saturday, September 27th. National Bank Financial upgraded Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 25th. Wells Fargo & Company lowered shares of Pembina Pipeline from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 6th. Jefferies Financial Group cut shares of Pembina Pipeline from a "buy" rating to a "hold" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen cut Pembina Pipeline from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Pembina Pipeline Price Performance

PBA stock opened at $41.14 on Tuesday. The stock has a market cap of $23.90 billion, a PE ratio of 19.31 and a beta of 0.76. Pembina Pipeline has a 1 year low of $34.13 and a 1 year high of $43.44. The stock has a 50-day moving average price of $38.25 and a two-hundred day moving average price of $37.88. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its position in Pembina Pipeline by 10.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,358 shares of the pipeline company's stock valued at $604,000 after purchasing an additional 1,601 shares during the last quarter. GAMMA Investing LLC grew its position in Pembina Pipeline by 3,903.6% in the 1st quarter. GAMMA Investing LLC now owns 3,363 shares of the pipeline company's stock worth $135,000 after purchasing an additional 3,279 shares during the period. NBC Securities Inc. boosted its holdings in shares of Pembina Pipeline by 165,466.7% in the first quarter. NBC Securities Inc. now owns 4,967 shares of the pipeline company's stock worth $198,000 after buying an additional 4,964 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Pembina Pipeline by 363.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,467 shares of the pipeline company's stock worth $140,000 after acquiring an additional 2,719 shares during the period. Finally, Albert D Mason Inc. boosted its stake in Pembina Pipeline by 1.0% in the 1st quarter. Albert D Mason Inc. now owns 43,073 shares of the pipeline company's stock worth $1,724,000 after purchasing an additional 426 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 Monday, September 29th. Investors of record on Monday, September 15th were paid a $0.71 dividend. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.51. This represents a $2.84 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Monday, September 15th. Pembina Pipeline's payout ratio is 97.18%.

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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