Brokers Set Expectations for Pembina Pipeline Co.’s Q4 2024 Earnings (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBAFree Report) (TSE:PPL) – Equities researchers at Atb Cap Markets upped their Q4 2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a report issued on Sunday, May 12th. Atb Cap Markets analyst N. Heywood now anticipates that the pipeline company will post earnings of $0.64 per share for the quarter, up from their previous forecast of $0.61. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.24 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q1 2025 earnings at $0.64 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.60 EPS, Q4 2025 earnings at $0.61 EPS, FY2025 earnings at $2.46 EPS and FY2026 earnings at $2.76 EPS.

Several other equities analysts have also issued reports on the company. CIBC boosted their price target on Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a research note on Friday, April 19th. StockNews.com lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Monday. Finally, TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.00.

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Pembina Pipeline Stock Up 0.1 %

Shares of PBA opened at $36.87 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.71 and a current ratio of 0.82. The company has a 50-day simple moving average of $35.31 and a 200-day simple moving average of $34.14. Pembina Pipeline has a 52 week low of $28.15 and a 52 week high of $37.30. The firm has a market capitalization of $21.37 billion, a P/E ratio of 16.03, a P/E/G ratio of 5.48 and a beta of 1.20.

Pembina Pipeline (NYSE:PBAGet Free Report) (TSE:PPL) last released its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.55 by $0.34. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.38%.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be issued a $0.501 dividend. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.00 annualized dividend and a dividend yield of 5.44%. Pembina Pipeline’s dividend payout ratio is presently 85.65%.

Hedge Funds Weigh In On Pembina Pipeline

Several institutional investors have recently added to or reduced their stakes in PBA. ICA Group Wealth Management LLC acquired a new stake in shares of Pembina Pipeline during the fourth quarter worth approximately $25,000. Baystate Wealth Management LLC acquired a new position in shares of Pembina Pipeline during the fourth quarter worth approximately $34,000. EverSource Wealth Advisors LLC grew its stake in shares of Pembina Pipeline by 74.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 462 shares during the last quarter. First Horizon Advisors Inc. raised its position in Pembina Pipeline by 303.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 1,142 shares during the last quarter. Finally, Rational Advisors LLC acquired a new position in Pembina Pipeline during the 3rd quarter worth $59,000. 55.37% of the stock is owned by 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.

Further Reading

Earnings History and Estimates for Pembina Pipeline (NYSE:PBA)

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