National Bank Financial Forecasts Enbridge Q4 Earnings

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Investment analysts at National Bank Financial issued their Q4 2024 earnings per share estimates for Enbridge in a research report issued to clients and investors 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.

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

Several other brokerages have also commented on ENB. Jefferies Financial Group raised their price target on Enbridge from C$59.00 to C$65.00 in a research note on Thursday. Raymond James boosted their price target on shares of Enbridge from C$59.00 to C$63.00 in a report on Tuesday, November 26th. Royal Bank of Canada lifted their price objective on shares of Enbridge from C$59.00 to C$63.00 in a report on Wednesday, December 4th. Morgan Stanley set a C$64.00 price target on Enbridge and gave the company an "equal weight" rating in a report on Friday, October 25th. Finally, Wells Fargo & Company raised their price target on shares of Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of C$62.23.

Enbridge Trading Up 0.9 %

ENB opened at C$64.43 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26. The stock's fifty day moving average is C$61.50 and its two-hundred day moving average is C$56.96. The company has a market capitalization of C$140.46 billion, a P/E ratio of 24.78, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a 52 week low of C$45.05 and a 52 week high of C$65.62.

Insider Transactions at Enbridge

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total transaction of C$66,293.64. Corporate insiders own 0.10% of the company's stock.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be given 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 is 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.