Enbridge Inc. Expected to Earn Q4 2023 Earnings of $0.66 Per Share (TSE:ENB)

Enbridge Inc. (TSE:ENBFree Report) (NYSE:ENB) – National Bank Financial issued their Q4 2023 earnings per share estimates for Enbridge in a research note issued on Tuesday, February 6th. National Bank Financial analyst P. Kenny expects that the company will earn $0.66 per share for the quarter. The consensus estimate for Enbridge’s current full-year earnings is $2.75 per share.

ENB has been the subject of several other reports. Barclays increased their price objective on Enbridge from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 17th. Raymond James lowered their price objective on Enbridge from C$56.00 to C$54.00 in a research report on Thursday, October 19th. ATB Capital set a C$56.00 price target on Enbridge and gave the stock an “outperform” rating in a research note on Friday, January 5th. National Bankshares upped their price target on Enbridge from C$49.00 to C$52.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th. Finally, CIBC decreased their price target on Enbridge from C$64.00 to C$56.00 and set an “outperform” rating on the stock in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$53.81.

Read Our Latest Stock Analysis on ENB

Enbridge Trading Down 0.8 %

Shares of Enbridge stock opened at C$46.35 on Thursday. The firm has a market capitalization of C$98.73 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 1.16 and a beta of 0.92. Enbridge has a fifty-two week low of C$42.75 and a fifty-two week high of C$54.56. The company has a debt-to-equity ratio of 113.21, a quick ratio of 0.44 and a current ratio of 0.67. The stock has a 50 day moving average of C$48.02 and a 200 day moving average of C$46.89.

Insider Activity

In related news, Director Teresa Smith Madden acquired 2,100 shares of Enbridge stock in a transaction dated Monday, December 18th. The shares were acquired at an average cost of C$35.49 per share, for a total transaction of C$74,529.00. In other Enbridge news, Director Teresa Smith Madden bought 2,100 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were purchased at an average price of C$35.49 per share, with a total value of C$74,529.00. Also, Director Dan Curtis Tutcher sold 18,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of C$35.30, for a total value of C$635,400.00. Insiders own 0.15% of the company’s stock.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, March 1st will be paid a $0.915 dividend. This is a boost from Enbridge’s previous quarterly dividend of $0.89. This represents a $3.66 annualized dividend and a dividend yield of 7.90%. The ex-dividend date is Wednesday, February 14th. Enbridge’s dividend payout ratio (DPR) is presently 244.00%.

About Enbridge

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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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Earnings History and Estimates for Enbridge (TSE:ENB)

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