National Bank Financial Comments on Enbridge FY2025 Earnings

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Stock analysts at National Bank Financial lifted their FY2025 earnings estimates for Enbridge in a research report issued on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $3.10 for the year, up from their previous forecast of $3.00. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share. National Bank Financial also issued estimates for Enbridge's FY2028 earnings at $3.43 EPS.

Several other equities research analysts have also commented on ENB. BMO Capital Markets upped their price target on shares of Enbridge from C$59.00 to C$60.00 in a research report on Wednesday, December 4th. Raymond James lifted their price objective on Enbridge from C$59.00 to C$63.00 in a research note on Tuesday, November 26th. Scotiabank upped their price objective on Enbridge from C$57.00 to C$61.00 in a research report on Wednesday, December 4th. Barclays increased their price target on Enbridge from C$59.00 to C$64.00 in a report on Monday. Finally, Morgan Stanley set a C$64.00 target price on shares of Enbridge and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of C$61.08.

Enbridge Stock Up 1.0 %

Shares of ENB traded up C$0.60 during trading hours on Wednesday, hitting C$63.30. The company had a trading volume of 5,970,969 shares, compared to its average volume of 5,660,500. The firm has a fifty day moving average price of C$59.73 and a 200-day moving average price of C$55.23. Enbridge has a 52-week low of C$45.05 and a 52-week high of C$63.40. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. The stock has a market capitalization of C$137.99 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 1.72 and a beta of 0.90.

Insider Activity

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total value of C$66,293.64. Company insiders own 0.10% of the company's stock.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be given a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a yield of 5.96%. This is an increase from Enbridge's previous quarterly dividend of $0.92. Enbridge's payout ratio is presently 140.77%.

Enbridge Company Profile

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.