What is Atb Cap Markets' Estimate for Enbridge Q4 Earnings?

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Equities researchers at Atb Cap Markets issued their Q4 2024 earnings per share (EPS) estimates for Enbridge in a report issued on Sunday, November 3rd. Atb Cap Markets analyst N. Heywood forecasts that the company will post earnings of $0.71 per share for the quarter. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share. Atb Cap Markets also issued estimates for Enbridge's Q1 2025 earnings at $0.93 EPS, Q4 2025 earnings at $0.82 EPS, FY2025 earnings at $3.06 EPS and FY2026 earnings at $3.27 EPS.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. upped their price objective on Enbridge from C$57.00 to C$60.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Raymond James upped their price target on Enbridge from C$54.00 to C$59.00 in a research note on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on Enbridge from C$55.00 to C$59.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. National Bankshares upped their target price on shares of Enbridge from C$53.00 to C$57.00 and gave the company a "sector perform" rating in a research report on Friday, August 23rd. Finally, Morgan Stanley set a C$64.00 price target on shares of Enbridge and gave the company an "equal weight" rating in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Enbridge has a consensus rating of "Hold" and an average target price of C$56.92.

Enbridge Price Performance

Shares of TSE:ENB traded up C$1.11 during midday trading on Wednesday, hitting C$57.91. The company had a trading volume of 14,412,993 shares, compared to its average volume of 8,075,959. Enbridge has a twelve month low of C$45.05 and a twelve month high of C$58.28. The stock has a market cap of C$126.24 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. 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 business's 50-day simple moving average is C$55.70 and its 200-day simple moving average is C$52.08.

Enbridge Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Sunday, December 1st will be paid a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 6.32%. The ex-dividend date of this dividend is Friday, November 15th. Enbridge's payout ratio is 140.77%.

Insider Activity at Enbridge

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

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.