Research Analysts Set Expectations for Enbridge Q4 Earnings

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Equities researchers at National Bank Financial issued their Q4 2024 EPS estimates for Enbridge in a report issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny forecasts that the company will earn $0.76 per share for the quarter. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share.

Other equities analysts have also recently issued research reports about the company. CIBC lifted their target price on Enbridge from C$63.00 to C$66.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Raymond James boosted their price objective on shares of Enbridge from C$59.00 to C$63.00 in a research report on Tuesday, November 26th. Scotiabank upped their price objective on shares of Enbridge from C$57.00 to C$61.00 in a research note on Wednesday, December 4th. TD Securities set a C$66.00 target price on shares of Enbridge and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, BMO Capital Markets upped their price target on shares of Enbridge from C$59.00 to C$60.00 in a research note on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Enbridge currently has a consensus rating of "Hold" and a consensus price target of C$62.23.

Enbridge Stock Up 0.9 %

Shares of ENB stock traded up C$0.57 on Thursday, reaching C$64.43. 1,970,018 shares of the company's stock traded hands, compared to its average volume of 6,301,782. The company has a market capitalization of C$140.46 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. Enbridge has a 12-month low of C$45.05 and a 12-month high of C$65.62. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. The business's 50 day moving average price is C$61.50 and its two-hundred day moving average price is C$56.96.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last posted its quarterly earnings data on Friday, November 1st. The company reported C$0.55 earnings per share for the quarter, missing the consensus estimate of C$0.56 by C($0.01). Enbridge had a return on equity of 8.57% and a net margin of 13.54%. During the same quarter in the previous year, the firm earned $0.62 EPS.

Insider Buying and Selling

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the firm's 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 value of C$66,293.64. Corporate insiders own 0.10% of the company's stock.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be paid a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.85%. This is an increase from Enbridge's previous quarterly dividend of $0.92. Enbridge's dividend payout ratio (DPR) is presently 140.77%.

About Enbridge

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.