Pembina Pipeline Co. to Post Q1 2024 Earnings of $0.61 Per Share, Atb Cap Markets Forecasts (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Stock analysts at Atb Cap Markets issued their Q1 2024 earnings estimates for Pembina Pipeline in a research note issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood forecasts that the pipeline company will earn $0.61 per share for the quarter. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.24 per share.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly 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. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.83 billion.

PBA has been the topic of a number of other reports. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. CIBC increased their price objective on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. Finally, StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Pembina Pipeline Trading Up 0.0 %

Shares of Pembina Pipeline stock opened at $35.50 on Thursday. The company has a market capitalization of $20.57 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 5.29 and a beta of 1.20. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72. Pembina Pipeline has a 12-month low of $28.15 and a 12-month high of $36.17. The firm’s 50-day moving average price is $34.97 and its two-hundred day moving average price is $33.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. ICA Group Wealth Management LLC bought a new position in shares of Pembina Pipeline in the fourth quarter worth about $25,000. Baystate Wealth Management LLC bought a new position in Pembina Pipeline in the 4th quarter valued at approximately $34,000. EverSource Wealth Advisors LLC raised its holdings in 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 during the last quarter. First Horizon Advisors Inc. raised its holdings 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 valued at $52,000 after buying an additional 1,142 shares during the last quarter. Finally, Rational Advisors LLC bought a new position in Pembina Pipeline in the 3rd quarter valued at approximately $59,000. 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 Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.4944 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.57%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s dividend payout ratio is 89.14%.

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.