Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB - Scotiabank dropped their FY2025 earnings estimates for Enbridge in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings of $2.14 per share for the year, down from their prior estimate of $2.30. The consensus estimate for Enbridge's current full-year earnings is $2.03 per share.
Other equities research analysts have also recently issued reports about the stock. Morgan Stanley began coverage on shares of Enbridge in a research note on Friday, October 25th. They set an "equal weight" rating on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $63.00 price target (up from $59.00) on shares of Enbridge in a report on Wednesday, December 4th. Wells Fargo & Company upgraded Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. Finally, Jefferies Financial Group lowered Enbridge from a "buy" rating to a "hold" rating in a research note on Monday, September 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $63.00.
Check Out Our Latest Analysis on Enbridge
Enbridge Stock Down 1.0 %
ENB opened at $43.57 on Monday. The business's fifty day simple moving average is $42.51 and its 200 day simple moving average is $40.30. Enbridge has a 52 week low of $32.85 and a 52 week high of $44.13. The firm has a market cap of $94.91 billion, a P/E ratio of 20.17, a PEG ratio of 4.14 and a beta of 0.93. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.41.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its earnings results on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.15. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. The firm had revenue of $10.91 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the prior year, the firm earned $0.46 EPS.
Enbridge Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.15%. Enbridge's dividend payout ratio (DPR) is presently 124.07%.
Institutional Trading of Enbridge
Institutional investors and hedge funds have recently made changes to their positions in the company. William B. Walkup & Associates Inc. acquired a new position in Enbridge in the second quarter valued at $28,000. McIlrath & Eck LLC lifted its stake in shares of Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after purchasing an additional 295 shares in the last quarter. Grove Bank & Trust grew its holdings in shares of Enbridge by 56.7% during the 3rd quarter. Grove Bank & Trust now owns 771 shares of the pipeline company's stock worth $31,000 after purchasing an additional 279 shares during the period. MFA Wealth Advisors LLC increased its position in Enbridge by 55.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company's stock worth $32,000 after purchasing an additional 280 shares in the last quarter. Finally, Fortitude Family Office LLC purchased a new position in Enbridge in the third quarter valued at approximately $35,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.
About Enbridge
(
Get Free Report)
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.
Featured Articles
Before you consider Enbridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.
While Enbridge currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
