Pembina Pipeline (NYSE:PBA) Announces Earnings Results, Beats Expectations By $0.06 EPS

Pembina Pipeline (NYSE:PBA) (TSE:PPL) released its quarterly earnings data on Thursday. The pipeline company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06, Zacks reports. Pembina Pipeline had a net margin of 22.17% and a return on equity of 11.59%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $0.92 earnings per share. Pembina Pipeline’s quarterly revenue was down 10.8% compared to the same quarter last year.

Pembina Pipeline Trading Down 0.1%

Pembina Pipeline stock traded down $0.04 during mid-day trading on Friday, hitting $43.96. The company’s stock had a trading volume of 2,147,356 shares, compared to its average volume of 1,553,568. Pembina Pipeline has a one year low of $34.13 and a one year high of $44.60. The stock has a market cap of $25.54 billion, a PE ratio of 21.98 and a beta of 0.68. The company has a 50 day moving average of $40.36 and a 200-day moving average of $39.12. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.41 and a current ratio of 0.53.

Pembina Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Monday, March 16th. Pembina Pipeline’s dividend payout ratio is 101.50%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Pembina Pipeline during the third quarter worth approximately $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Pembina Pipeline in the fourth quarter worth approximately $36,000. Larson Financial Group LLC increased its holdings in Pembina Pipeline by 32.4% during the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after purchasing an additional 259 shares during the period. Fulcrum Asset Management LLP bought a new stake in Pembina Pipeline during the 3rd quarter valued at $46,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Pembina Pipeline by 43.3% in the 4th quarter. Parallel Advisors LLC now owns 1,446 shares of the pipeline company’s stock worth $55,000 after buying an additional 437 shares during the period. 55.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on PBA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pembina Pipeline in a report on Monday, December 29th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research note on Friday. TD Securities cut Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Zacks Research upgraded Pembina Pipeline from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $60.00.

About Pembina Pipeline

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.