Scotiabank Analysts Decrease Earnings Estimates for PBA

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Investment analysts at Scotiabank decreased their FY2024 earnings per share estimates for Pembina Pipeline in a research report issued 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 prior 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.

Other research analysts have also issued research reports about the stock. Raymond James started coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They set an “outperform” rating on the stock. Barclays assumed coverage on Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating on the stock. Finally, Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Pembina Pipeline presently has an average rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Stock Up 1.0 %

PBA stock opened at $36.72 on Monday. The firm’s 50-day moving average is $39.04 and its two-hundred day moving average is $39.68. The company has a market capitalization of $21.32 billion, a price-to-earnings ratio of 15.17 and a beta of 1.25. Pembina Pipeline has a 52 week low of $32.81 and a 52 week high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Hedge Funds Weigh In On Pembina Pipeline

A number of institutional investors have recently bought and sold shares of the stock. Kingsview Wealth Management LLC boosted its holdings in shares of Pembina Pipeline by 4.1% in the third quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock worth $286,000 after buying an additional 273 shares during the period. CENTRAL TRUST Co lifted its position in shares of Pembina Pipeline by 65.0% in the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 325 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Pembina Pipeline by 1.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock worth $770,000 after purchasing an additional 334 shares during the period. EverSource Wealth Advisors LLC grew its position in Pembina Pipeline by 30.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock worth $65,000 after purchasing an additional 387 shares in the last quarter. Finally, Gold Investment Management Ltd. raised its stake in Pembina Pipeline by 4.2% during the 3rd quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company’s stock valued at $453,000 after purchasing an additional 439 shares during the period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.69 per share. The ex-dividend date was Monday, December 16th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 annualized dividend and a dividend yield of 7.52%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 80.58%.

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.