Pembina Pipeline (NYSE:PBA) Announces Quarterly Earnings Results

Pembina Pipeline (NYSE:PBA) (TSE:PPL) issued its earnings results on Thursday. The pipeline company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01), Zacks reports. Pembina Pipeline had a return on equity of 11.45% and a net margin of 22.41%.The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis.

Pembina Pipeline Stock Performance

NYSE:PBA traded down $1.51 during midday trading on Friday, reaching $48.92. The stock had a trading volume of 1,280,308 shares, compared to its average volume of 895,869. The stock has a market capitalization of $28.45 billion, a P/E ratio of 23.98 and a beta of 0.57. Pembina Pipeline has a 1-year low of $35.45 and a 1-year high of $51.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 0.68. The firm’s fifty day simple moving average is $48.38 and its 200-day simple moving average is $45.44.

Pembina Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a $0.735 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.94 dividend on an annualized basis and a yield of 6.0%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 104.41%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PBA shares. Barclays reissued an “overweight” rating on shares of Pembina Pipeline in a research note on Thursday, May 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Pembina Pipeline in a research note on Friday. Wall Street Zen raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. TD Securities restated a “buy” rating on shares of Pembina Pipeline in a report on Thursday, July 16th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research note on Friday, July 3rd. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $64.00.

Institutional Investors Weigh In On Pembina Pipeline

A number of hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Pembina Pipeline in the third quarter valued at about $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Pembina Pipeline during the 4th quarter worth about $36,000. Larson Financial Group LLC boosted its stake in Pembina Pipeline by 32.4% during the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock valued at $43,000 after purchasing an additional 259 shares during the period. Fulcrum Asset Management LLP bought a new stake in Pembina Pipeline during the 3rd quarter valued at approximately $46,000. Finally, Parallel Advisors LLC grew its holdings in Pembina Pipeline by 43.3% in the 4th quarter. Parallel Advisors LLC now owns 1,446 shares of the pipeline company’s stock valued at $55,000 after buying an additional 437 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.