Equities Analysts Issue Forecasts for Enbridge Q1 Earnings

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Analysts at National Bank Financial issued their Q1 2025 earnings estimates for shares of Enbridge in a research report issued to clients and investors on Wednesday, April 23rd. National Bank Financial analyst P. Kenny anticipates that the company will earn $0.89 per share for the quarter. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share. National Bank Financial also issued estimates for Enbridge's FY2025 earnings at $3.01 EPS.

Several other analysts have also issued reports on ENB. Royal Bank of Canada lifted their target price on shares of Enbridge from C$63.00 to C$67.00 in a research report on Tuesday, February 18th. TD Securities boosted their price objective on Enbridge from C$66.00 to C$67.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Jefferies Financial Group raised their target price on Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th. Barclays boosted their price target on Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. Finally, CIBC raised their price objective on Enbridge from C$66.00 to C$67.00 in a report on Wednesday, March 5th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of C$65.79.

Enbridge Price Performance

Shares of TSE:ENB traded up C$0.44 during midday trading on Thursday, reaching C$64.45. 9,334,866 shares of the company's stock traded hands, compared to its average volume of 8,438,332. The company has a fifty day simple moving average of C$61.58 and a two-hundred day simple moving average of C$60.88. Enbridge has a 1 year low of C$47.41 and a 1 year high of C$65.62. The company has a market cap of C$139.68 billion, a P/E ratio of 20.95, a PEG ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62.

Insider Buying and Selling

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

Enbridge Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.85%. Enbridge's dividend payout ratio is presently 118.98%.

About Enbridge

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.