Zacks Research Equities Analysts Decrease Earnings Estimates for Pembina Pipeline Co. (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Investment analysts at Zacks Research reduced their FY2025 earnings estimates for shares of Pembina Pipeline in a research report issued to clients and investors on Wednesday, June 12th. Zacks Research analyst T. Saha now forecasts that the pipeline company will post earnings of $2.20 per share for the year, down from their previous forecast of $2.21. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.33 per share.

Several other equities research analysts also recently commented on PBA. StockNews.com downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Scotiabank downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 19th. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. Finally, CIBC boosted their target price on shares of Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a research note on Friday, April 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Pembina Pipeline has a consensus rating of “Hold” and an average price target of $52.00.

Pembina Pipeline Stock Down 0.1 %

Shares of NYSE:PBA opened at $37.05 on Friday. Pembina Pipeline has a 52 week low of $28.15 and a 52 week high of $37.67. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.93 and a current ratio of 1.03. The company’s fifty day moving average is $36.15 and its 200-day moving average is $34.99. The company has a market capitalization of $21.47 billion, a PE ratio of 16.11, a P/E/G ratio of 5.30 and a beta of 1.24.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, May 9th. The pipeline company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.33%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.83 billion.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a dividend of $0.501 per share. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.00 annualized dividend and a yield of 5.41%. Pembina Pipeline’s dividend payout ratio is 86.96%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBA. Norges Bank acquired a new position in Pembina Pipeline during the 4th quarter worth about $133,917,000. Canada Pension Plan Investment Board lifted its position in Pembina Pipeline by 86.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 5,344,325 shares of the pipeline company’s stock valued at $188,814,000 after purchasing an additional 2,480,570 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Pembina Pipeline by 340.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,640,000 shares of the pipeline company’s stock valued at $79,412,000 after purchasing an additional 2,040,000 shares during the period. Capital World Investors acquired a new position in Pembina Pipeline during the 4th quarter valued at about $32,541,000. Finally, ClearBridge Investments Ltd lifted its position in Pembina Pipeline by 12.3% during the 1st quarter. ClearBridge Investments Ltd now owns 7,173,059 shares of the pipeline company’s stock valued at $253,496,000 after purchasing an additional 784,814 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

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.