FY2024 EPS Estimates for Pembina Pipeline Cut by Scotiabank

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Scotiabank dropped their FY2024 earnings per share (EPS) estimates for Pembina Pipeline in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst R. Hope now expects that the pipeline company will post earnings per share of $2.11 for the year, down from their previous estimate of $2.43. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.25 per share. Scotiabank also issued estimates for Pembina Pipeline’s FY2025 earnings at $2.16 EPS.

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

Pembina Pipeline Stock Performance

Shares of NYSE PBA opened at $36.29 on Monday. Pembina Pipeline has a one year low of $32.81 and a one year high of $43.44. The business’s 50-day moving average price is $39.26 and its two-hundred day moving average price is $39.69. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The company has a market capitalization of $21.07 billion, a P/E ratio of 15.00 and a beta of 1.25.

Institutional Inflows and Outflows

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

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 7.61%. The ex-dividend date was Monday, December 16th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) is 80.58%.

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.