Equities Analysts Set Expectations for Enbridge Q1 Earnings

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Atb Cap Markets lifted their Q1 2025 earnings per share estimates for shares of Enbridge in a research report issued on Monday, February 17th. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $1.00 per share for the quarter, up from their prior estimate of $0.93. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share.

A number of other equities analysts have also commented on ENB. Royal Bank of Canada boosted their price target on shares of Enbridge from C$63.00 to C$67.00 in a research report on Tuesday, February 18th. BMO Capital Markets boosted their target price on Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Wells Fargo & Company increased their price target on Enbridge from C$57.00 to C$60.00 in a research report on Thursday, December 5th. Jefferies Financial Group lifted their price objective on Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th. Finally, TD Securities increased their target price on Enbridge from C$66.00 to C$67.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Enbridge has an average rating of "Hold" and a consensus price target of C$63.23.

Enbridge Price Performance

Shares of ENB traded down C$0.29 during trading hours on Thursday, hitting C$59.16. The stock had a trading volume of 1,618,163 shares, compared to its average volume of 9,957,841. The stock has a market capitalization of C$128.21 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44. The company's fifty day moving average is C$62.19 and its two-hundred day moving average is C$58.52. Enbridge has a 52 week low of C$45.39 and a 52 week high of C$65.62.

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Insider Buying and Selling

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the firm's 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 value 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. Investors of record on Saturday, March 1st will be given a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a yield of 6.37%. This is a positive change from Enbridge's previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Friday, February 14th. Enbridge's dividend payout ratio (DPR) is presently 118.98%.

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.