PBA FY2024 EPS Forecast Reduced by National Bank Financial

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Stock analysts at National Bank Financial dropped their FY2024 earnings per share estimates for Pembina Pipeline in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the pipeline company will post earnings per share of $2.37 for the year, down from their previous estimate of $2.44. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.25 per share. National Bank Financial also issued estimates for Pembina Pipeline’s FY2028 earnings at $2.69 EPS.

Several other equities research analysts also recently issued reports on the stock. Barclays assumed coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating on the stock. Wells Fargo & Company lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Raymond James initiated coverage on shares of Pembina Pipeline in a research report on Friday, October 11th. They set an “outperform” rating for the company. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Pembina Pipeline currently has a consensus rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Stock Performance

PBA opened at $36.96 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average price is $39.37 and its two-hundred day moving average price is $39.65. The firm has a market capitalization of $21.46 billion, a P/E ratio of 15.27 and a beta of 1.25. Pembina Pipeline has a 12-month low of $32.81 and a 12-month high of $43.44.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Godsey & Gibb Inc. bought a new stake in shares of Pembina Pipeline in the 3rd quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in Pembina Pipeline in the third quarter valued at $26,000. Prospera Private Wealth LLC acquired a new position in Pembina Pipeline during the third quarter worth $26,000. Dunhill Financial LLC bought a new position in shares of Pembina Pipeline during the third quarter valued at $28,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Pembina Pipeline in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 7.47%. The ex-dividend date was Monday, December 16th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s payout ratio is 84.30%.

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.