FY2025 EPS Estimates for Enbridge Cut by Atb Cap Markets

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Equities researchers at Atb Cap Markets decreased their FY2025 earnings per share estimates for shares of Enbridge in a report released on Thursday, December 12th. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will earn $2.17 per share for the year, down from their previous forecast of $2.20. The consensus estimate for Enbridge’s current full-year earnings is $2.03 per share. Atb Cap Markets also issued estimates for Enbridge’s FY2026 earnings at $2.28 EPS.

Several other equities research analysts have also commented on ENB. Wells Fargo & Company upgraded Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $63.00 price target (up from $59.00) on shares of Enbridge in a research report on Wednesday, December 4th. Jefferies Financial Group lowered Enbridge from a “buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, Morgan Stanley started coverage on shares of Enbridge in a report on Friday, October 25th. They set an “equal weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Enbridge presently has an average rating of “Hold” and a consensus target price of $63.00.

Enbridge Stock Down 0.3 %

ENB opened at $41.91 on Monday. The company has a market cap of $91.28 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 4.18 and a beta of 0.94. Enbridge has a twelve month low of $32.85 and a twelve month high of $44.13. The company has a 50-day moving average price of $42.02 and a 200 day moving average price of $39.34. 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) (TSE:ENB) last posted its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.15. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. The company had revenue of $10.91 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the prior year, the business posted $0.46 earnings per share.

Institutional Trading of Enbridge

Several large investors have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC boosted its position in shares of Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 295 shares during the last quarter. Grove Bank & Trust raised its stake in Enbridge by 56.7% during the third 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 boosted its holdings in Enbridge by 55.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 280 shares during the last quarter. William B. Walkup & Associates Inc. purchased a new stake in shares of Enbridge in the 2nd quarter valued at approximately $28,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Enbridge during the 3rd quarter worth approximately $35,000. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.39%. The ex-dividend date of this dividend is Friday, February 14th. Enbridge’s dividend payout ratio is currently 124.07%.

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.