Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) – Analysts at Cormark issued their Q1 2020 earnings per share estimates for shares of Pembina Pipeline in a report released on Tuesday, February 5th. Cormark analyst B. Watson anticipates that the pipeline company will earn $0.64 per share for the quarter. Cormark also issued estimates for Pembina Pipeline’s Q3 2020 earnings at $0.67 EPS, Q4 2020 earnings at $0.72 EPS and FY2020 earnings at $2.62 EPS.
A number of other research analysts have also issued reports on the stock. Raymond James restated a “buy” rating on shares of Pembina Pipeline in a report on Tuesday, November 6th. Zacks Investment Research lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. Macquarie restated a “buy” rating on shares of Pembina Pipeline in a report on Tuesday. Scotiabank restated a “buy” rating on shares of Pembina Pipeline in a report on Tuesday. Finally, National Bank Financial restated a “buy” rating on shares of Pembina Pipeline in a report on Friday, November 2nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $40.00.
Shares of NYSE PBA opened at $35.92 on Wednesday. The stock has a market capitalization of $18.35 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 2.91 and a beta of 0.92. Pembina Pipeline has a 52 week low of $28.30 and a 52 week high of $36.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.51 and a current ratio of 0.70.
Several hedge funds have recently made changes to their positions in PBA. Millennium Management LLC lifted its holdings in shares of Pembina Pipeline by 90.1% during the 2nd quarter. Millennium Management LLC now owns 217,784 shares of the pipeline company’s stock worth $7,535,000 after acquiring an additional 103,217 shares during the period. Jane Street Group LLC purchased a new position in shares of Pembina Pipeline during the 2nd quarter worth about $426,000. Schroder Investment Management Group lifted its holdings in shares of Pembina Pipeline by 113.4% during the 2nd quarter. Schroder Investment Management Group now owns 345,240 shares of the pipeline company’s stock worth $15,612,000 after acquiring an additional 183,426 shares during the period. Northern Trust Corp lifted its holdings in shares of Pembina Pipeline by 5.3% during the 2nd quarter. Northern Trust Corp now owns 441,212 shares of the pipeline company’s stock worth $15,266,000 after acquiring an additional 22,025 shares during the period. Finally, United Services Automobile Association lifted its holdings in shares of Pembina Pipeline by 24.6% during the 2nd quarter. United Services Automobile Association now owns 69,725 shares of the pipeline company’s stock worth $2,412,000 after acquiring an additional 13,759 shares during the period. Institutional investors and hedge funds own 49.26% of the company’s stock.
The business also recently disclosed a monthly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, January 25th will be issued a dividend of $0.1399 per share. The ex-dividend date is Thursday, January 24th. This represents a $1.68 annualized dividend and a dividend yield of 4.67%. Pembina Pipeline’s payout ratio is currently 125.56%.
About Pembina Pipeline
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.
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