Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB - Analysts at Atb Cap Markets reduced their FY2025 earnings estimates for shares of Enbridge in a research report issued to clients and investors on Thursday, December 12th. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will post earnings per share of $2.17 for the year, down from their prior estimate of $2.20. The consensus estimate for Enbridge's current full-year earnings is $2.03 per share. Atb Cap Markets also issued estimates for Enbridge's FY2026 earnings at $2.28 EPS.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.15. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. The business had revenue of $10.91 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period last year, the firm posted $0.46 EPS.
A number of other research analysts also recently commented on ENB. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $63.00 price target (up previously from $59.00) on shares of Enbridge in a report on Wednesday, December 4th. Wells Fargo & Company upgraded Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. Morgan Stanley initiated coverage on shares of Enbridge in a research note on Friday, October 25th. They set an "equal weight" rating for the company. Finally, Jefferies Financial Group downgraded shares of Enbridge from a "buy" rating to a "hold" rating in a research note on Monday, September 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $63.00.
Check Out Our Latest Stock Analysis on Enbridge
Enbridge Price Performance
Shares of ENB stock traded down $0.34 on Monday, reaching $41.57. The company's stock had a trading volume of 3,379,035 shares, compared to its average volume of 4,864,709. Enbridge has a 1 year low of $32.85 and a 1 year high of $44.13. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. The stock's fifty day simple moving average is $42.03 and its 200-day simple moving average is $39.38. The company has a market capitalization of $90.53 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 4.18 and a beta of 0.94.
Enbridge Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be paid a $0.67 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a yield of 6.45%. Enbridge's payout ratio is 124.07%.
Institutional Trading of Enbridge
Large investors have recently modified their holdings of the company. McIlrath & Eck LLC boosted its stake in shares of Enbridge by 74.9% during the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after purchasing an additional 295 shares in the last quarter. Grove Bank & Trust boosted its position in Enbridge by 56.7% during the 3rd quarter. Grove Bank & Trust now owns 771 shares of the pipeline company's stock valued at $31,000 after acquiring an additional 279 shares in the last quarter. MFA Wealth Advisors LLC increased its holdings in shares of Enbridge by 55.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 280 shares during the period. William B. Walkup & Associates Inc. bought a new position in shares of Enbridge in the 2nd quarter worth $28,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Enbridge during the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 54.60% of the company's stock.
About Enbridge
(
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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.
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