Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB - National Bank Financial boosted their FY2025 EPS estimates for shares of Enbridge in a report released on Wednesday, April 23rd. National Bank Financial analyst P. Kenny now expects that the pipeline company will post earnings of $2.17 per share for the year, up from their prior forecast of $2.14. The consensus estimate for Enbridge's current full-year earnings is $2.14 per share.
A number of other analysts have also recently weighed in on ENB. CIBC restated an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Citigroup started coverage on Enbridge in a research note on Friday, April 4th. They set a "buy" rating for the company. TD Securities initiated coverage on Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. Finally, Royal Bank of Canada increased their price target on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.
Check Out Our Latest Analysis on ENB
Enbridge Stock Performance
ENB opened at $46.37 on Friday. The business has a 50 day moving average price of $43.27 and a two-hundred day moving average price of $42.91. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The company has a market capitalization of $101.05 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. Enbridge has a 1-year low of $34.60 and a 1-year high of $46.42.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. The firm had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same quarter in the previous year, the business earned $0.64 EPS.
Institutional Investors Weigh In On Enbridge
A number of institutional investors have recently modified their holdings of the stock. Garde Capital Inc. bought a new stake in shares of Enbridge in the 1st quarter valued at approximately $26,000. McIlrath & Eck LLC raised its holdings in shares of Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after purchasing an additional 295 shares in the last quarter. Albion Financial Group UT bought a new stake in Enbridge in the fourth quarter worth $29,000. Wintrust Investments LLC increased its position in Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after buying an additional 238 shares during the last quarter. Finally, GeoWealth Management LLC raised its holdings in Enbridge by 436.4% during the fourth quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock valued at $32,000 after buying an additional 611 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.
About Enbridge
(
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Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
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