Research Analysts Offer Predictions for Enbridge Q4 Earnings

Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB - Equities researchers at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for shares of Enbridge in a research note issued to investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny anticipates that the pipeline company will earn $0.52 per share for the quarter. The consensus estimate for Enbridge's current full-year earnings is $1.97 per share.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company upgraded Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. TD Securities initiated coverage on shares of Enbridge in a report on Wednesday, January 15th. They set a "buy" rating on the stock. Morgan Stanley started coverage on shares of Enbridge in a research note on Friday, October 25th. They issued an "equal weight" rating on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and set a $63.00 price objective (up from $59.00) on shares of Enbridge in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $63.00.

Enbridge Trading Down 2.7 %

Shares of ENB stock traded down $1.21 on Thursday, hitting $43.29. The stock had a trading volume of 6,187,249 shares, compared to its average volume of 3,494,552. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. Enbridge has a twelve month low of $32.85 and a twelve month high of $45.78. The company has a fifty day moving average price of $43.11 and a two-hundred day moving average price of $41.15. The firm has a market cap of $94.31 billion, a P/E ratio of 20.04, a PEG ratio of 4.11 and a beta of 0.93.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.15. The company had revenue of $10.91 billion during the quarter, compared to analyst estimates of $4.54 billion. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. During the same period in the previous year, the company earned $0.46 EPS.

Enbridge Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.19%. Enbridge's dividend payout ratio (DPR) is presently 124.07%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Enbridge by 1,514.7% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,799,345 shares of the pipeline company's stock worth $194,938,000 after buying an additional 4,502,115 shares during the last quarter. Pathway Financial Advisers LLC raised its holdings in Enbridge by 4,120.0% during the third quarter. Pathway Financial Advisers LLC now owns 4,571,669 shares of the pipeline company's stock worth $185,655,000 after acquiring an additional 4,463,335 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Enbridge by 27.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,278,739 shares of the pipeline company's stock valued at $498,734,000 after purchasing an additional 2,668,692 shares during the last quarter. National Bank of Canada FI grew its stake in Enbridge by 12.8% in the third quarter. National Bank of Canada FI now owns 18,163,353 shares of the pipeline company's stock valued at $737,754,000 after purchasing an additional 2,061,758 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its stake in shares of Enbridge by 55.2% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 4,143,265 shares of the pipeline company's stock worth $168,258,000 after purchasing an additional 1,472,789 shares in the last quarter. 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.