Scotiabank Decreases Earnings Estimates for Pembina Pipeline

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) – Equities researchers at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for Pembina Pipeline in a note issued to investors on Thursday, July 23rd. Scotiabank analyst R. Hope now forecasts that the pipeline company will post earnings of $2.34 per share for the year, down from their previous estimate of $2.42. Scotiabank has a “Sector Perform” rating on the stock. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.20 per share. Scotiabank also issued estimates for Pembina Pipeline’s FY2027 earnings at $2.28 EPS.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, May 7th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. Pembina Pipeline’s revenue for the quarter was down 7.7% on a year-over-year basis.

A number of other brokerages have also recently issued reports on PBA. TD Securities reissued a “buy” rating on shares of Pembina Pipeline in a research note on Thursday, July 16th. BMO Capital Markets restated a “market perform” rating and set a $68.00 target price on shares of Pembina Pipeline in a research note on Friday, July 3rd. Weiss Ratings downgraded shares of Pembina Pipeline from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Pembina Pipeline in a research note on Friday, July 3rd. Finally, Barclays reissued an “overweight” rating on shares of Pembina Pipeline in a report on Thursday, May 21st. Six investment 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $64.00.

Pembina Pipeline Price Performance

Shares of NYSE:PBA opened at $49.92 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 0.68. Pembina Pipeline has a 1-year low of $35.45 and a 1-year high of $51.58. The company has a market capitalization of $29.03 billion, a P/E ratio of 26.00 and a beta of 0.57. The firm’s 50 day simple moving average is $48.34 and its two-hundred day simple moving average is $45.13.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.735 per share. The ex-dividend date was Monday, June 15th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.71. This represents a $2.94 annualized dividend and a dividend yield of 5.9%. Pembina Pipeline’s dividend payout ratio (DPR) is 110.94%.

Hedge Funds Weigh In On Pembina Pipeline

Several hedge funds have recently modified their holdings of PBA. Empowered Funds LLC grew its stake in Pembina Pipeline by 1.0% during the fourth quarter. Empowered Funds LLC now owns 24,449 shares of the pipeline company’s stock valued at $931,000 after acquiring an additional 248 shares in the last quarter. Larson Financial Group LLC lifted its stake in Pembina Pipeline by 32.4% in the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after purchasing an additional 259 shares in the last quarter. Ethic Inc. boosted its holdings in shares of Pembina Pipeline by 2.0% during the 4th quarter. Ethic Inc. now owns 14,150 shares of the pipeline company’s stock valued at $539,000 after purchasing an additional 278 shares during the last quarter. Broderick Brian C boosted its holdings in shares of Pembina Pipeline by 0.9% during the 1st quarter. Broderick Brian C now owns 32,823 shares of the pipeline company’s stock valued at $1,469,000 after purchasing an additional 300 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Pembina Pipeline by 3.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 9,768 shares of the pipeline company’s stock valued at $372,000 after purchasing an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

About Pembina Pipeline

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.