Q4 Earnings Estimate for Enbridge Issued By Atb Cap Markets

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Research analysts at Atb Cap Markets increased their Q4 2024 EPS estimates for Enbridge in a note issued to investors on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $0.75 per share for the quarter, up from their prior forecast of $0.71. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share.

Other analysts have also issued reports about the stock. Scotiabank raised their price objective on shares of Enbridge from C$61.00 to C$65.00 and gave the company a "sector perform" rating in a research note on Thursday. CIBC raised their price target on shares of Enbridge from C$63.00 to C$66.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th. TD Securities set a C$66.00 price objective on Enbridge and gave the company a "buy" rating in a research report on Wednesday, January 15th. Wells Fargo & Company upped their price objective on Enbridge from C$57.00 to C$60.00 in a research report on Thursday, December 5th. Finally, BMO Capital Markets lifted their price objective on Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$62.54.

Enbridge Stock Down 5.5 %

Shares of ENB traded down C$3.54 during mid-day trading on Monday, reaching C$61.08. The company had a trading volume of 19,160,421 shares, compared to its average volume of 9,366,779. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The firm has a 50-day moving average price of C$62.16 and a 200 day moving average price of C$58.05. Enbridge has a 52 week low of C$45.08 and a 52 week high of C$65.62. The company has a market capitalization of C$132.37 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90.

Insider Transactions at Enbridge

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was 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 business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st will be paid a $0.9425 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.77 annualized dividend and a dividend yield of 6.17%. This is an increase from Enbridge's previous quarterly dividend of $0.92. Enbridge's dividend payout ratio (DPR) is 118.98%.

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.