Pembina Pipeline (NYSE:PBA) Earns Outperform Rating from Analysts at Raymond James

Raymond James initiated coverage on shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) in a research report report published on Friday, MarketBeat.com reports. The firm issued an outperform rating on the pipeline company’s stock. Raymond James also issued estimates for Pembina Pipeline’s FY2025 earnings at $2.52 EPS, FY2026 earnings at $2.60 EPS, FY2027 earnings at $2.69 EPS and FY2028 earnings at $3.02 EPS.

Other analysts have also issued reports about the stock. Citigroup upped their price target on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a neutral rating in a research report on Wednesday, August 28th. UBS Group initiated coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They issued a neutral rating on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Pembina Pipeline has a consensus rating of Hold and a consensus price target of $56.50.

Pembina Pipeline Trading Up 0.8 %

Shares of NYSE:PBA opened at $42.71 on Friday. The company’s 50-day moving average price is $40.32 and its two-hundred day moving average price is $37.91. Pembina Pipeline has a one year low of $30.05 and a one year high of $42.90. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.68 and a quick ratio of 0.55. The stock has a market capitalization of $24.77 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 5.86 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.21. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. Pembina Pipeline’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, equities analysts forecast that Pembina Pipeline will post 2.42 EPS for the current fiscal year.

Pembina Pipeline Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend was Monday, September 16th. Pembina Pipeline’s dividend payout ratio is presently 88.70%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PBA. Granite Group Advisors LLC grew its position in shares of Pembina Pipeline by 5.2% in the first quarter. Granite Group Advisors LLC now owns 6,719 shares of the pipeline company’s stock valued at $237,000 after purchasing an additional 330 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Pembina Pipeline by 30.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock worth $65,000 after buying an additional 387 shares in the last quarter. Gold Investment Management Ltd. boosted its position in shares of Pembina Pipeline by 4.4% in the second quarter. Gold Investment Management Ltd. now owns 10,562 shares of the pipeline company’s stock valued at $392,000 after acquiring an additional 444 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Pembina Pipeline by 2.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 18,341 shares of the pipeline company’s stock valued at $680,000 after acquiring an additional 478 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Pembina Pipeline by 3.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,558 shares of the pipeline company’s stock worth $503,000 after acquiring an additional 500 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.