Equities Analysts Offer Predictions for Enbridge Q4 Earnings

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Investment analysts at Atb Cap Markets issued their Q4 2024 earnings estimates for Enbridge in a research note issued on Sunday, November 3rd. Atb Cap Markets analyst N. Heywood forecasts that the pipeline company will post earnings per share of $0.51 for the quarter. The consensus estimate for Enbridge’s current full-year earnings is $2.06 per share. Atb Cap Markets also issued estimates for Enbridge’s Q1 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.59 EPS, FY2025 earnings at $2.20 EPS and FY2026 earnings at $2.35 EPS.

ENB has been the subject of several other reports. Morgan Stanley began coverage on shares of Enbridge in a report on Friday, October 25th. They set an “equal weight” rating for the company. Jefferies Financial Group downgraded Enbridge from a “buy” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Wells Fargo & Company raised Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday.

Enbridge Trading Up 2.1 %

Shares of ENB stock opened at $42.41 on Wednesday. The stock has a market cap of $92.36 billion, a P/E ratio of 19.66, a P/E/G ratio of 3.97 and a beta of 0.93. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 1.41. Enbridge has a fifty-two week low of $32.76 and a fifty-two week high of $42.61. The business has a fifty day simple moving average of $40.82 and a 200-day simple moving average of $38.12.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.15. The firm had revenue of $10.91 billion during the quarter, compared to the consensus estimate of $4.54 billion. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. During the same period last year, the business posted $0.46 EPS.

Hedge Funds Weigh In On Enbridge

A number of institutional investors have recently modified their holdings of ENB. Vanguard Group Inc. boosted its position in Enbridge by 1.5% during the first quarter. Vanguard Group Inc. now owns 84,280,486 shares of the pipeline company’s stock worth $3,049,268,000 after acquiring an additional 1,227,031 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Enbridge by 0.9% during the first quarter. TD Asset Management Inc now owns 38,087,489 shares of the pipeline company’s stock worth $1,377,708,000 after purchasing an additional 337,729 shares during the last quarter. 1832 Asset Management L.P. grew its position in shares of Enbridge by 3.9% in the first quarter. 1832 Asset Management L.P. now owns 36,649,579 shares of the pipeline company’s stock valued at $1,325,982,000 after purchasing an additional 1,360,439 shares during the period. Cibc World Market Inc. increased its stake in Enbridge by 12.8% in the second quarter. Cibc World Market Inc. now owns 32,531,675 shares of the pipeline company’s stock valued at $1,157,802,000 after purchasing an additional 3,693,495 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Enbridge by 4.0% in the 3rd quarter. CIBC Asset Management Inc now owns 24,161,024 shares of the pipeline company’s stock valued at $984,205,000 after buying an additional 936,863 shares during the period. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be paid a dividend of $0.676 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.67. This represents a $2.70 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend is Friday, November 15th. Enbridge’s dividend payout ratio (DPR) is currently 122.22%.

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.