Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Stock analysts at US Capital Advisors boosted their Q4 2024 earnings per share estimates for shares of Enbridge in a research note issued to investors on Monday, October 28th. US Capital Advisors analyst J. Carreker now expects that the company will post earnings per share of $0.79 for the quarter, up from their prior forecast 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 FY2025 earnings at $2.79 EPS and FY2026 earnings at $2.81 EPS.
Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last released its quarterly earnings data on Friday, August 2nd. The company reported C$0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.62 by C($0.04). Enbridge had a net margin of 13.54% and a return on equity of 8.57%. The company had revenue of C$11.34 billion for the quarter, compared to analyst estimates of C$5.86 billion.
ENB has been the subject of several other research reports. National Bankshares boosted their price target on 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. Jefferies Financial Group lowered shares of Enbridge from a "buy" rating to a "hold" rating and lifted their price objective for the company from C$55.00 to C$58.00 in a research note on Monday, September 30th. Morgan Stanley set a C$64.00 target price on shares of Enbridge and gave the stock an "equal weight" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on Enbridge from C$57.00 to C$60.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets raised their price objective on Enbridge from C$54.00 to C$56.00 in a research note on Thursday, September 5th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Enbridge presently has a consensus rating of "Hold" and a consensus price target of C$56.31.
Read Our Latest Report on ENB
Enbridge Price Performance
Shares of ENB traded up C$0.20 during midday trading on Wednesday, reaching C$56.45. The stock had a trading volume of 5,664,370 shares, compared to its average volume of 7,987,140. Enbridge has a 52 week low of C$43.94 and a 52 week high of C$58.28. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44. The firm's 50 day moving average price is C$55.29 and its 200-day moving average price is C$51.65. The company has a market capitalization of C$123.06 billion, a P/E ratio of 21.71, a P/E/G ratio of 1.72 and a beta of 0.90.
Enbridge Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 6.48%. Enbridge's dividend payout ratio is currently 140.77%.
Insider Activity
In other Enbridge news, Senior Officer Maximilian Chan sold 688 shares of the business's stock in a transaction 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. In other news, Senior Officer Maximilian Chan sold 688 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total value of C$37,977.60. Also, Director Steven Walter Williams bought 18,600 shares of the business's stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average price of C$53.74 per share, for a total transaction of C$999,564.00. Insiders own 0.10% of the company's stock.
Enbridge Company Profile
(
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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.
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