Atb Cap Markets Comments on Pembina Pipeline Co.’s Q3 2024 Earnings (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Atb Cap Markets boosted their Q3 2024 EPS estimates for shares of Pembina Pipeline in a research report issued on Thursday, June 27th. Atb Cap Markets analyst N. Heywood now forecasts that the pipeline company will post earnings per share of $0.61 for the quarter, up from their previous estimate of $0.60. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.32 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.66 EPS, Q1 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.63 EPS and FY2026 earnings at $2.79 EPS.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, May 9th. The pipeline company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.33%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.83 billion.

PBA has been the topic of several other research reports. Scotiabank downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 19th. StockNews.com cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, CIBC lifted their price objective on shares of Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $52.00.

Pembina Pipeline Trading Up 1.6 %

Shares of NYSE PBA opened at $37.45 on Monday. Pembina Pipeline has a fifty-two week low of $28.15 and a fifty-two week high of $37.67. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.93 and a current ratio of 1.03. The company has a market cap of $21.72 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 5.33 and a beta of 1.25. The business’s 50 day moving average price is $36.52 and its 200-day moving average price is $35.23.

Institutional Investors Weigh In On Pembina Pipeline

Several large investors have recently modified their holdings of PBA. Massmutual Trust Co. FSB ADV boosted its position in Pembina Pipeline by 22.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock valued at $61,000 after purchasing an additional 329 shares in the last quarter. Granite Group Advisors LLC lifted its position in shares of Pembina Pipeline by 5.2% during the first quarter. Granite Group Advisors LLC now owns 6,719 shares of the pipeline company’s stock valued at $237,000 after buying an additional 330 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Pembina Pipeline by 74.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after buying an additional 462 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Pembina Pipeline by 6.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,475 shares of the pipeline company’s stock worth $335,000 after buying an additional 538 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Pembina Pipeline by 3.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 15,872 shares of the pipeline company’s stock worth $549,000 after acquiring an additional 547 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were issued a $0.501 dividend. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend was Monday, June 17th. Pembina Pipeline’s payout ratio is presently 86.96%.

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.