Q4 EPS Estimates for Enbridge Boosted by US Capital Advisors

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - US Capital Advisors increased their Q4 2024 earnings estimates for Enbridge in a report issued on Monday, February 3rd. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings of $0.76 per share for the quarter, up from their previous estimate of $0.75. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share. US Capital Advisors also issued estimates for Enbridge's Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $3.06 EPS and FY2026 earnings at $3.01 EPS.

ENB has been the subject of several other research reports. Royal Bank of Canada raised their price target on Enbridge from C$59.00 to C$63.00 in a report on Wednesday, December 4th. Raymond James boosted their price target on shares of Enbridge from C$59.00 to C$63.00 in a research report on Tuesday, November 26th. CIBC lifted their price objective on shares of Enbridge from C$63.00 to C$66.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. BMO Capital Markets upped their target price on shares of Enbridge from C$59.00 to C$60.00 in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company lifted their price target on Enbridge from C$57.00 to C$60.00 in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$62.23.

Enbridge Price Performance

Shares of ENB traded up C$0.10 during midday trading on Thursday, hitting C$63.51. 15,895,349 shares of the company traded hands, compared to its average volume of 8,203,243. Enbridge has a 52 week low of C$45.05 and a 52 week 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 firm has a 50 day moving average of C$61.90 and a 200-day moving average of C$57.71. The stock has a market cap of C$138.45 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.72 and a beta of 0.90.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st will be given a $0.9425 dividend. This represents a $3.77 annualized dividend and a yield of 5.94%. This is a boost from Enbridge's previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Friday, February 14th. Enbridge's payout ratio is 140.77%.

Insiders Place Their Bets

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

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.