Atb Cap Markets Brokers Lift Earnings Estimates for Enbridge

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Stock analysts at Atb Cap Markets increased their Q1 2025 earnings per share (EPS) estimates for shares of Enbridge in a report issued on Monday, February 17th. Atb Cap Markets analyst N. Heywood now forecasts that the pipeline company will post earnings per share of $0.70 for the quarter, up from their prior forecast of $0.67. The consensus estimate for Enbridge’s current full-year earnings is $2.14 per share. Atb Cap Markets also issued estimates for Enbridge’s FY2025 earnings at $2.10 EPS.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The business had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the business posted $0.64 EPS.

Several other analysts also recently commented on ENB. Morgan Stanley began coverage on Enbridge in a research note on Friday, October 25th. They set an “equal weight” rating on the stock. Wells Fargo & Company upgraded Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 6th. TD Securities began coverage on Enbridge in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada raised their price target on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $67.00.

Enbridge Stock Performance

Shares of ENB opened at $41.74 on Thursday. The business’s fifty day simple moving average is $43.35 and its two-hundred day simple moving average is $41.87. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. Enbridge has a 12 month low of $32.85 and a 12 month high of $45.78. The company has a market cap of $90.94 billion, a price-to-earnings ratio of 24.26, a P/E/G ratio of 3.95 and a beta of 0.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC grew its position in Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 295 shares in the last quarter. Albion Financial Group UT purchased a new position in Enbridge in the fourth quarter worth about $29,000. Wintrust Investments LLC grew its position in Enbridge by 47.8% in the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 238 shares in the last quarter. MFA Wealth Advisors LLC boosted its position in shares of Enbridge by 55.6% during the third quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock valued at $32,000 after buying an additional 280 shares during the period. Finally, GeoWealth Management LLC boosted its position in shares of Enbridge by 436.4% during the fourth quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company’s stock valued at $32,000 after buying an additional 611 shares during the period. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, February 15th will be given a $0.67 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.68 annualized dividend and a yield of 6.42%. Enbridge’s dividend payout ratio is currently 155.81%.

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.