FY2024 EPS Estimates for Pembina Pipeline Co. Cut by Analyst (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Equities researchers at Atb Cap Markets cut their FY2024 EPS estimates for Pembina Pipeline in a research report issued on Sunday, August 11th. Atb Cap Markets analyst N. Heywood now anticipates that the pipeline company will post earnings per share of $2.32 for the year, down from their previous forecast of $2.40. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.37 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.64 EPS, FY2025 earnings at $2.35 EPS and FY2026 earnings at $2.57 EPS.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.21. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business earned $0.45 EPS. Pembina Pipeline’s revenue was up 30.5% compared to the same quarter last year.

PBA has been the subject of several other reports. StockNews.com cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Scotiabank lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 19th. Finally, CIBC raised their price objective on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Pembina Pipeline has an average rating of “Hold” and an average price target of $54.00.

Pembina Pipeline Stock Up 0.5 %

Shares of PBA opened at $38.35 on Wednesday. The firm has a market capitalization of $22.24 billion, a P/E ratio of 16.67, a P/E/G ratio of 5.45 and a beta of 1.25. Pembina Pipeline has a 12-month low of $28.15 and a 12-month high of $39.04. The firm has a fifty day moving average price of $37.56 and a 200-day moving average price of $36.09. The company has a current ratio of 0.68, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be issued a $0.50 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.22%. Pembina Pipeline’s dividend payout ratio is presently 86.52%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Mediolanum International Funds Ltd purchased a new position in Pembina Pipeline in the first quarter valued at about $1,745,000. Quantbot Technologies LP raised its stake in shares of Pembina Pipeline by 10,862.7% during the 1st quarter. Quantbot Technologies LP now owns 32,340 shares of the pipeline company’s stock worth $1,143,000 after acquiring an additional 32,045 shares in the last quarter. Guardian Capital Advisors LP lifted its position in Pembina Pipeline by 12.8% during the fourth quarter. Guardian Capital Advisors LP now owns 235,105 shares of the pipeline company’s stock valued at $8,179,000 after acquiring an additional 26,766 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Pembina Pipeline by 2.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,284,326 shares of the pipeline company’s stock valued at $45,360,000 after acquiring an additional 29,743 shares in the last quarter. Finally, UBS Group AG grew its holdings in Pembina Pipeline by 24.2% in the fourth quarter. UBS Group AG now owns 378,415 shares of the pipeline company’s stock worth $13,025,000 after purchasing an additional 73,776 shares during the last quarter. 55.37% of the stock is owned by institutional investors.

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.