FY2025 EPS Estimates for Enbridge Raised by Atb Cap Markets

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Equities research analysts at Atb Cap Markets raised their FY2025 earnings estimates for shares of Enbridge in a report issued on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $3.04 for the year, up from their prior estimate of $3.00. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share.

Several other equities research analysts also recently weighed in on ENB. Jefferies Financial Group increased their target price on shares of Enbridge from C$59.00 to C$65.00 in a report on Thursday, January 30th. Citigroup set a C$75.00 target price on Enbridge and gave the stock a "buy" rating in a research note on Friday, April 4th. Echelon Wealth Partners raised their price objective on Enbridge from C$67.00 to C$74.00 in a report on Wednesday, April 23rd. Raymond James raised shares of Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Finally, TD Securities upped their price objective on Enbridge from C$66.00 to C$67.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of C$65.79.

Enbridge Stock Down 0.4 %

TSE:ENB opened at C$64.01 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The stock has a market capitalization of C$138.72 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. Enbridge has a 52 week low of C$47.41 and a 52 week high of C$65.62. The stock's fifty day moving average is C$61.58 and its two-hundred day moving average is C$60.88.

Enbridge Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be paid a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a yield of 5.89%. Enbridge's payout ratio is 118.98%.

Insider Transactions at Enbridge

In related news, Senior Officer Matthew Allan Akman acquired 1,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were acquired at an average cost of C$61.24 per share, for a total transaction of C$61,240.00. Also, Senior Officer Michele Eva Harradence purchased 5,857 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were bought at an average cost of C$62.53 per share, for a total transaction of C$366,238.21. Corporate insiders own 0.10% of the company's stock.

Enbridge Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company.

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