Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Analysts at Atb Cap Markets upped their Q4 2024 EPS estimates for Enbridge in a research report issued to clients and investors 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 analysts have also issued reports on ENB. Royal Bank of Canada upped their price target on shares of Enbridge from C$59.00 to C$63.00 in a research report on Wednesday, December 4th. Raymond James boosted their target price on Enbridge from C$59.00 to C$63.00 in a research note on Tuesday, November 26th. Barclays raised their price target on Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. CIBC boosted their price objective on Enbridge from C$63.00 to C$66.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th. Finally, Jefferies Financial Group raised their target price on shares of Enbridge from C$59.00 to C$65.00 in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$62.23.
Get Our Latest Stock Analysis on Enbridge
Enbridge Trading Up 1.0 %
Shares of Enbridge stock traded up C$0.64 during trading on Monday, reaching C$64.15. The company's stock had a trading volume of 14,852,125 shares, compared to its average volume of 8,440,703. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26. Enbridge has a 52-week low of C$45.05 and a 52-week high of C$65.62. The firm's 50-day moving average is C$61.90 and its two-hundred day moving average is C$57.76. The company has a market cap of C$139.85 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 1.72 and a beta of 0.90.
Enbridge Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st will be given a $0.9425 dividend. This represents a $3.77 annualized dividend and a dividend yield of 5.88%. This is a boost from Enbridge's previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Friday, February 14th. Enbridge's dividend payout ratio (DPR) is currently 140.77%.
Insider Activity
In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total transaction of C$66,293.64. Insiders own 0.10% of the company's stock.
Enbridge Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Enbridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.
While Enbridge currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
