National Bank Financial Comments on Enbridge Q3 Earnings

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Investment analysts at National Bank Financial issued their Q3 2024 EPS estimates for shares of Enbridge in a report issued on Wednesday, October 23rd. National Bank Financial analyst P. Kenny anticipates that the company will post earnings of $0.61 per share for the quarter. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share.

Several other brokerages have also issued reports on ENB. JPMorgan Chase & Co. lifted their price target on shares of Enbridge from C$57.00 to C$60.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Raymond James lifted their price target on shares of Enbridge from C$54.00 to C$59.00 in a research note on Tuesday. National Bankshares lifted their price target on shares of Enbridge from C$53.00 to C$57.00 and gave the company a "sector perform" rating in a research note on Friday, August 23rd. BMO Capital Markets boosted their price objective on shares of Enbridge from C$54.00 to C$56.00 in a research note on Thursday, September 5th. Finally, Jefferies Financial Group lowered shares of Enbridge from a "buy" rating to a "hold" rating and boosted their price objective for the stock from C$55.00 to C$58.00 in a research note on Monday, September 30th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of C$56.31.

Enbridge Stock Down 0.2 %

ENB stock traded down C$0.11 during midday trading on Friday, hitting C$56.93. The company's stock had a trading volume of 3,910,314 shares, compared to its average volume of 8,009,056. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44. Enbridge has a twelve month low of C$43.46 and a twelve month high of C$58.28. The company's fifty day moving average price is C$55.09 and its 200 day moving average price is C$51.46. The stock has a market capitalization of C$124.11 billion, a P/E ratio of 21.91, a PEG ratio of 1.72 and a beta of 0.90.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last posted its quarterly earnings data on Friday, August 2nd. The company reported C$0.58 EPS for the quarter, missing the consensus estimate of C$0.62 by C($0.04). The company had revenue of C$11.34 billion during the quarter, compared to the consensus estimate of C$5.86 billion. Enbridge had a net margin of 13.54% and a return on equity of 8.57%.

Insiders Place Their Bets

In other Enbridge news, Director Steven Walter Williams bought 18,600 shares of the firm's stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of C$53.74 per share, for a total transaction of C$999,564.00. In related news, Senior Officer Maximilian Chan sold 688 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total transaction of C$37,977.60. Also, Director Steven Walter Williams purchased 18,600 shares of Enbridge stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average price of C$53.74 per share, for a total transaction of C$999,564.00. Company insiders own 0.10% of the company's stock.

Enbridge Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th were given a dividend of $0.915 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 6.43%. Enbridge's payout ratio is presently 140.77%.

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.