FY2025 EPS Estimates for Enbridge Boosted by Atb Cap Markets

Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB - Research analysts at Atb Cap Markets lifted their FY2025 earnings per share (EPS) estimates for Enbridge in a note issued to investors on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will post earnings per share of $2.19 for the year, up from their prior forecast of $2.10. The consensus estimate for Enbridge's current full-year earnings is $2.14 per share.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.23. The company had revenue of $11.59 billion for the quarter, compared to analysts' expectations of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same quarter in the prior year, the firm earned $0.64 EPS.

A number of other equities research analysts also recently issued reports on the stock. Raymond James raised shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. TD Securities began coverage on shares of Enbridge in a research note on Wednesday, January 15th. They issued a "buy" rating for the company. Royal Bank of Canada raised their target price on Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Citigroup initiated coverage on shares of Enbridge in a report on Friday, April 4th. They issued a "buy" rating on the stock. Finally, CIBC reiterated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.

Enbridge Stock Up 1.0 %

NYSE ENB traded up $0.44 during trading hours on Friday, hitting $46.63. The company's stock had a trading volume of 2,552,881 shares, compared to its average volume of 4,252,635. The company has a market capitalization of $101.66 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. Enbridge has a 52 week low of $34.60 and a 52 week high of $46.69. The company's 50-day simple moving average is $43.34 and its two-hundred day simple moving average is $42.98. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be issued a $0.679 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.72 annualized dividend and a dividend yield of 5.82%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. Enbridge's payout ratio is presently 157.56%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Metis Global Partners LLC increased its position in shares of Enbridge by 4.0% during the 4th quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company's stock valued at $8,782,000 after purchasing an additional 7,986 shares during the last quarter. Aviso Financial Inc. grew its holdings in Enbridge by 4.3% during the fourth quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company's stock worth $60,152,000 after acquiring an additional 58,176 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Enbridge by 70.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company's stock worth $52,648,000 after acquiring an additional 536,818 shares in the last quarter. Vanguard Group Inc. grew its stake in Enbridge by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after acquiring an additional 3,611,421 shares during the period. Finally, Sound Income Strategies LLC grew its stake in Enbridge by 8.6% during the 4th quarter. Sound Income Strategies LLC now owns 631,820 shares of the pipeline company's stock valued at $26,808,000 after acquiring an additional 49,800 shares in the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

About Enbridge

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.