Brokers Offer Predictions for Pembina Pipeline Co.’s Q1 2024 Earnings (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Atb Cap Markets issued their Q1 2024 EPS estimates for shares of Pembina Pipeline in a report released 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 announced its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.34. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%.

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

Pembina Pipeline Stock Up 0.3 %

Shares of NYSE PBA opened at $35.82 on Thursday. The firm’s 50-day moving average price is $35.04 and its 200-day moving average price is $33.73. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $20.76 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 5.29 and a beta of 1.20. Pembina Pipeline has a 12-month low of $28.15 and a 12-month high of $36.17.

Hedge Funds Weigh In On Pembina Pipeline

A number of institutional investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV increased its position in shares of Pembina Pipeline by 22.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock worth $61,000 after acquiring an additional 329 shares during the period. Advisor Partners II LLC increased its position in shares of Pembina Pipeline by 4.2% during the third quarter. Advisor Partners II LLC now owns 10,697 shares of the pipeline company’s stock worth $322,000 after acquiring an additional 431 shares during the period. Teamwork Financial Advisors LLC increased its position in shares of Pembina Pipeline by 5.3% during the third quarter. Teamwork Financial Advisors LLC now owns 9,129 shares of the pipeline company’s stock worth $274,000 after acquiring an additional 462 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Pembina Pipeline by 74.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 462 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Pembina Pipeline by 3.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 15,872 shares of the pipeline company’s stock valued at $549,000 after purchasing an additional 547 shares in the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.4944 dividend. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date was Thursday, March 14th. Pembina Pipeline’s dividend payout ratio is 89.14%.

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.