Research Analysts Offer Predictions for Enbridge Q4 Earnings

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Stock analysts at Atb Cap Markets upped their Q4 2024 earnings estimates for Enbridge in a report issued on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.75 for the quarter, up from their prior forecast of $0.71. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share.

Several other research analysts have also recently weighed in on ENB. Scotiabank boosted their price target on shares of Enbridge from C$61.00 to C$65.00 and gave the stock a "sector perform" rating in a report on Thursday. Raymond James boosted their price target on shares of Enbridge from C$59.00 to C$63.00 in a report on Tuesday, November 26th. Wells Fargo & Company boosted their price target on shares of Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. BMO Capital Markets boosted their price target on shares of Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Finally, Royal Bank of Canada boosted their price target on shares of Enbridge from C$59.00 to C$63.00 in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of C$62.54.

Enbridge Stock Up 0.3 %

Shares of TSE ENB traded up C$0.17 during mid-day trading on Monday, reaching C$64.62. 6,820,262 shares of the company's stock traded hands, compared to its average volume of 9,050,855. The stock has a market cap of C$140.05 billion, a P/E ratio of 21.01, a PEG ratio of 1.72 and a beta of 0.90. The business has a 50-day simple moving average of C$62.10 and a 200 day simple moving average of C$57.95. Enbridge has a 1-year low of C$45.05 and a 1-year high of C$65.62. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, March 1st will be paid a dividend of $0.9425 per share. The ex-dividend date is Friday, February 14th. This represents a $3.77 annualized dividend and a yield of 5.83%. This is a boost from Enbridge's previous quarterly dividend of $0.92. Enbridge's payout ratio is currently 118.98%.

Insiders Place Their Bets

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

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.