FY2025 EPS Estimates for Enbridge Increased by Analyst

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Equities researchers at Atb Cap Markets raised their FY2025 earnings per share (EPS) estimates for Enbridge in a note issued to investors on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the pipeline company will earn $2.19 per share for the year, up from their previous estimate of $2.10. The consensus estimate for Enbridge’s current full-year earnings is $2.14 per share.

A number of other research firms also recently issued reports on ENB. Royal Bank of Canada lifted their price target on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Citigroup started coverage on Enbridge in a report on Friday, April 4th. They set a “buy” rating for the company. CIBC restated an “outperform” rating on shares of Enbridge in a research note on Wednesday, March 5th. Finally, TD Securities assumed coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $67.00.

Enbridge Stock Down 0.4 %

Shares of NYSE ENB opened at $46.16 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The company has a 50-day moving average price of $43.34 and a 200-day moving average price of $42.95. The stock has a market capitalization of $100.59 billion, a P/E ratio of 26.84, a P/E/G ratio of 3.92 and a beta of 0.80. Enbridge has a 1 year low of $34.60 and a 1 year high of $46.47.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating 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 business had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the firm posted $0.64 EPS.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be issued a $0.679 dividend. This is an increase from Enbridge’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Thursday, May 15th. Enbridge’s payout ratio is 155.81%.

Institutional Trading of Enbridge

A number of large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. increased its stake in shares of Enbridge by 54.8% during the 1st quarter. Mather Group LLC. now owns 2,016 shares of the pipeline company’s stock worth $89,000 after purchasing an additional 714 shares during the last quarter. Smith Salley Wealth Management increased its position in Enbridge by 0.7% in the first quarter. Smith Salley Wealth Management now owns 63,985 shares of the pipeline company’s stock worth $2,835,000 after buying an additional 451 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in shares of Enbridge by 30.6% in the first quarter. Koshinski Asset Management Inc. now owns 6,726 shares of the pipeline company’s stock valued at $298,000 after buying an additional 1,574 shares during the period. Red Door Wealth Management LLC bought a new position in shares of Enbridge during the 1st quarter worth $229,000. Finally, WASHINGTON TRUST Co increased its holdings in Enbridge by 5.1% in the 1st quarter. WASHINGTON TRUST Co now owns 6,351 shares of the pipeline company’s stock worth $281,000 after acquiring an additional 309 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

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.