Pembina Pipeline Corporation (NYSE: PBA) is 1.22% higher on its value in year-to-date trading and has touched a low of $28.15 and a high of $36.17 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PBA stock was last observed hovering at around $34.75 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $34.84, the stock is -0.69% and 1.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing 0.26% at the moment leaves the stock 7.99% off its SMA200. PBA registered 14.19% gain for a year compared to 6-month gain of 14.87%. The firm has a 50-day simple moving average (SMA 50) of $3.15 and a 200-day simple moving average (SMA200) of $8.66.
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The stock witnessed a 0.43% loss in the last 1 month and extending the period to 3 months gives it a 2.11%, and is -0.23% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.02% over the week and 1.09% over the month.
Pembina Pipeline Corporation (PBA) has around 2837 employees, a market worth around $19.14B and $6.76B in sales. Current P/E ratio is 15.73 and Fwd P/E is 14.74. Profit margin for the company is 18.03%. Distance from 52-week low is 23.77% and -3.68% from its 52-week high. The company has generated returns on investments over the last 12 months (6.13%).
Pembina Pipeline Corporation quarterly earnings per share for the current quarter are estimated at $0.51 with sales reaching $1.81B over the same period.The EPS is expected to shrink by -0.92% this year, but quarterly earnings will post 8.40% year-over-year. Quarterly sales are estimated to grow 4.50% in year-over-year returns.
Pembina Pipeline Corporation (PBA) Top Institutional Holders
643 institutions hold shares in Pembina Pipeline Corporation (PBA), with institutional investors hold 62.01% of the company’s shares. The shares outstanding are 549.00M, and float is at 548.98M with Short Float at 1.27%. Institutions hold 61.96% of the Float.
The top institutional shareholder in the company is Royal Bank of Canada with over 47.49 million shares valued at $1.65 billion. The investor’s holdings represent 8.64% of the PBA Shares outstanding. As of Dec 30, 2023, the second largest holder is Vanguard Group Inc with 21.59 million shares valued at $752.29 million to account for 3.93% of the shares outstanding. The other top investors are Bank of Montreal/Can/ which holds 20.23 million shares representing 3.68% and valued at over $704.69 million, while Cibc World Markets, Inc. holds 2.72% of the shares totaling 14.94 million with a market value of $520.64 million.
