FY2025 EPS Estimates for Enbridge Cut by Analyst

Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB - Analysts at National Bank Financial dropped their FY2025 earnings per share estimates for shares of Enbridge in a research note issued to investors on Monday, February 17th. National Bank Financial analyst P. Kenny now expects that the pipeline company will post earnings per share of $2.14 for the year, down from their prior forecast of $2.16. The consensus estimate for Enbridge's current full-year earnings is $2.14 per share. National Bank Financial also issued estimates for Enbridge's FY2026 earnings at $2.23 EPS.

A number of other brokerages also recently commented on ENB. Royal Bank of Canada boosted their price objective on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. TD Securities assumed coverage on shares of Enbridge in a report on Wednesday, January 15th. They set a "buy" rating on the stock. Finally, Wells Fargo & Company upgraded Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $67.00.

Enbridge Stock Down 0.7 %

NYSE ENB traded down $0.29 during trading on Thursday, reaching $41.50. 2,521,693 shares of the company's stock were exchanged, compared to its average volume of 4,334,954. The firm has a market capitalization of $90.42 billion, a PE ratio of 24.14, a P/E/G ratio of 3.92 and a beta of 0.94. Enbridge has a fifty-two week low of $32.85 and a fifty-two week high of $45.78. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The company's fifty day simple moving average is $43.35 and its 200-day simple moving average is $41.92.

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

Enbridge Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.68 annualized dividend and a dividend yield of 6.46%. Enbridge's dividend payout ratio (DPR) is 155.81%.

Institutional Investors Weigh In On Enbridge

Several institutional investors and hedge funds have recently modified their holdings of the business. Ameriflex Group Inc. acquired a new stake in shares of Enbridge in the fourth quarter worth about $199,000. Mackenzie Financial Corp lifted its holdings in Enbridge by 1.7% in the 4th quarter. Mackenzie Financial Corp now owns 18,880,985 shares of the pipeline company's stock worth $800,507,000 after purchasing an additional 319,435 shares during the last quarter. Michels Family Financial LLC bought a new stake in Enbridge during the fourth quarter worth approximately $608,000. Public Employees Retirement System of Ohio grew its holdings in Enbridge by 18.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 518,750 shares of the pipeline company's stock valued at $22,009,000 after purchasing an additional 79,549 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in shares of Enbridge by 3.6% in the fourth quarter. Sunbelt Securities Inc. now owns 24,430 shares of the pipeline company's stock valued at $1,029,000 after purchasing an additional 854 shares during the period. Institutional investors and hedge funds own 54.60% 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.