Pembina Pipeline Co. (NYSE:PBA) Expected to Earn Q2 2024 Earnings of $0.49 Per Share

Pembina Pipeline Co. (NYSE:PBAFree Report) (TSE:PPL) – Zacks Research increased their Q2 2024 EPS estimates for Pembina Pipeline in a research note issued to investors on Tuesday, June 11th. Zacks Research analyst T. Saha now expects that the pipeline company will post earnings of $0.49 per share for the quarter, up from their previous forecast of $0.46. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.29 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.57 EPS, Q1 2025 earnings at $0.50 EPS, Q2 2025 earnings at $0.72 EPS, Q3 2025 earnings at $0.49 EPS, FY2025 earnings at $2.21 EPS and Q1 2026 earnings at $0.90 EPS.

PBA has been the subject of several other research reports. StockNews.com lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. Scotiabank lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 19th. Finally, CIBC upped their price target on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $52.00.

View Our Latest Report on Pembina Pipeline

Pembina Pipeline Stock Down 0.6 %

PBA stock opened at $37.10 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.03 and a quick ratio of 0.93. Pembina Pipeline has a 1-year low of $28.15 and a 1-year high of $37.67. The firm has a fifty day moving average price of $36.12 and a two-hundred day moving average price of $34.95. The firm has a market cap of $21.50 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 5.43 and a beta of 1.24.

Pembina Pipeline (NYSE:PBAGet Free Report) (TSE:PPL) last released its earnings results on Thursday, May 9th. The pipeline company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.33%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.83 billion.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be issued a $0.501 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.40%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, June 17th. Pembina Pipeline’s dividend payout ratio is presently 85.65%.

Institutional Investors Weigh In On Pembina Pipeline

A number of institutional investors and hedge funds have recently bought and sold shares of PBA. Guardian Capital Advisors LP increased its holdings in shares of Pembina Pipeline by 12.8% in the 4th quarter. Guardian Capital Advisors LP now owns 235,105 shares of the pipeline company’s stock valued at $8,179,000 after purchasing an additional 26,766 shares during the period. UBS Group AG increased its holdings in shares of Pembina Pipeline by 24.2% in the 4th quarter. UBS Group AG now owns 378,415 shares of the pipeline company’s stock valued at $13,025,000 after purchasing an additional 73,776 shares during the period. Duff & Phelps Investment Management Co. increased its holdings in shares of Pembina Pipeline by 44.9% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,556,638 shares of the pipeline company’s stock valued at $53,850,000 after purchasing an additional 482,067 shares during the period. Triasima Portfolio Management inc. acquired a new position in shares of Pembina Pipeline in the 4th quarter valued at about $17,285,000. Finally, Federated Hermes Inc. increased its holdings in shares of Pembina Pipeline by 22.8% in the 4th quarter. Federated Hermes Inc. now owns 297,423 shares of the pipeline company’s stock valued at $10,237,000 after purchasing an additional 55,136 shares during the period. 55.37% of the stock is owned by institutional investors and hedge funds.

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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