US Capital Advisors Lifts Earnings Estimates for Enbridge

Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB - Investment analysts at US Capital Advisors boosted their Q1 2025 earnings per share (EPS) estimates for Enbridge in a report released on Monday, April 28th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $0.68 for the quarter, up from their prior forecast of $0.64. The consensus estimate for Enbridge's current full-year earnings is $2.14 per share.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The firm had revenue of $11.59 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter last year, the business earned $0.64 earnings per share.

ENB has been the subject of several other reports. CIBC reiterated an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. TD Securities assumed coverage on shares of Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. Royal Bank of Canada lifted their price target on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Citigroup started coverage on shares of Enbridge in a research note on Friday, April 4th. They set a "buy" rating for the company. Finally, Raymond James raised shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $67.00.

Enbridge Stock Performance

Shares of Enbridge stock opened at $46.63 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $101.66 billion, a P/E ratio of 27.11, a P/E/G ratio of 3.92 and a beta of 0.80. The business has a fifty day simple moving average of $43.42 and a two-hundred day simple moving average of $43.02. Enbridge has a 12 month low of $34.60 and a 12 month high of $46.70.

Institutional Trading of Enbridge

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Enbridge by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock worth $3,888,507,000 after purchasing an additional 3,611,421 shares in the last quarter. GQG Partners LLC lifted its holdings in shares of Enbridge by 2.1% in the 4th quarter. GQG Partners LLC now owns 74,290,740 shares of the pipeline company's stock valued at $3,151,500,000 after buying an additional 1,495,742 shares during the period. TD Asset Management Inc. lifted its holdings in shares of Enbridge by 2.8% in the 4th quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock valued at $1,643,935,000 after buying an additional 1,040,799 shares during the period. Deutsche Bank AG lifted its holdings in shares of Enbridge by 13.9% in the 4th quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company's stock valued at $1,541,745,000 after buying an additional 4,426,684 shares during the period. Finally, Norges Bank purchased a new position in shares of Enbridge in the 4th quarter valued at about $909,415,000. Institutional investors and hedge funds own 54.60% of the company's stock.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th will be given a dividend of $0.679 per share. This represents a $2.72 annualized dividend and a dividend yield of 5.82%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date is Thursday, May 15th. Enbridge's dividend payout ratio is presently 157.56%.

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.

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