US Capital Advisors Forecasts Stronger Earnings for Enbridge

Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB - Equities research analysts at US Capital Advisors raised their Q1 2025 earnings per share (EPS) estimates for shares of Enbridge in a research note issued on Monday, February 3rd. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $0.62 per share for the quarter, up from their prior estimate of $0.59. The consensus estimate for Enbridge's current full-year earnings is $1.97 per share. US Capital Advisors also issued estimates for Enbridge's Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $2.11 EPS and FY2026 earnings at $2.07 EPS.

A number of other analysts have also issued reports on the company. Wells Fargo & Company upgraded Enbridge from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, November 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $63.00 price objective (up from $59.00) on shares of Enbridge in a research note on Wednesday, December 4th. TD Securities began coverage on Enbridge in a research note on Wednesday, January 15th. They set a "buy" rating on the stock. Finally, Morgan Stanley started coverage on Enbridge in a research note on Friday, October 25th. They set an "equal weight" rating on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Enbridge currently has a consensus rating of "Hold" and an average price target of $63.00.

Enbridge Stock Performance

NYSE:ENB opened at $44.23 on Thursday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62. Enbridge has a 52-week low of $32.85 and a 52-week high of $45.78. The firm has a market cap of $96.34 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 4.02 and a beta of 0.94. The business's fifty day moving average is $43.15 and its 200 day moving average is $41.34.

Enbridge Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be paid a $0.67 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a yield of 6.06%. Enbridge's dividend payout ratio is currently 121.76%.

Hedge Funds Weigh In On Enbridge

A number of institutional investors have recently added to or reduced their stakes in ENB. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Enbridge by 1,514.7% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,799,345 shares of the pipeline company's stock valued at $194,938,000 after purchasing an additional 4,502,115 shares during the last quarter. Pathway Financial Advisers LLC increased its position in shares of Enbridge by 4,120.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 4,571,669 shares of the pipeline company's stock valued at $185,655,000 after purchasing an additional 4,463,335 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Enbridge during the 4th quarter valued at about $180,941,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Enbridge by 27.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,278,739 shares of the pipeline company's stock valued at $498,734,000 after purchasing an additional 2,668,692 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of Enbridge by 12.8% during the 3rd quarter. National Bank of Canada FI now owns 18,163,353 shares of the pipeline company's stock valued at $737,754,000 after purchasing an additional 2,061,758 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.