Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB - Stock analysts at Atb Cap Markets boosted their Q1 2025 earnings per share estimates for Enbridge in a note issued to investors on Monday, February 17th. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will earn $0.70 per share for the quarter, up from their previous estimate of $0.67. The consensus estimate for Enbridge's current full-year earnings is $2.14 per share. Atb Cap Markets also issued estimates for Enbridge's FY2025 earnings at $2.10 EPS.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.23. The business had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same period in the prior year, the business earned $0.64 earnings per share.
Other analysts also recently issued reports about the company. Royal Bank of Canada raised their target price on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. TD Securities initiated coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating for the company. Finally, Wells Fargo & Company upgraded shares of Enbridge from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $67.00.
Check Out Our Latest Report on Enbridge
Enbridge Trading Down 0.6 %
Enbridge stock traded down $0.24 during midday trading on Thursday, reaching $41.55. The stock had a trading volume of 2,374,821 shares, compared to its average volume of 4,330,902. The stock's 50-day simple moving average is $43.35 and its 200 day simple moving average is $41.92. The stock has a market capitalization of $90.53 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 3.92 and a beta of 0.94. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. Enbridge has a twelve month low of $32.85 and a twelve month high of $45.78.
Institutional Investors Weigh In On Enbridge
Several large investors have recently made changes to their positions in the company. McIlrath & Eck LLC increased its holdings in shares of Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after acquiring an additional 295 shares during the last quarter. Albion Financial Group UT bought a new position in shares of Enbridge in the fourth quarter worth about $29,000. Wintrust Investments LLC lifted its position in shares of Enbridge by 47.8% during the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after purchasing an additional 238 shares during the last quarter. GeoWealth Management LLC boosted its stake in Enbridge by 436.4% during the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 611 shares during the period. Finally, MFA Wealth Advisors LLC grew its holdings in Enbridge by 55.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company's stock valued at $32,000 after buying an additional 280 shares during the last quarter. Institutional investors own 54.60% of the company's stock.
Enbridge Cuts Dividend
The firm also recently announced 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 6.45%. Enbridge's dividend payout ratio is 155.81%.
About Enbridge
(
Get Free Report)
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.
See Also
Before you consider Enbridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.
While Enbridge currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
