Q3 EPS Estimates for Enbridge Lowered by US Capital Advisors

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Analysts at US Capital Advisors decreased their Q3 2024 earnings per share estimates for Enbridge in a research report issued on Monday, October 28th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings per share of $0.44 for the quarter, down from their prior forecast of $0.45. The consensus estimate for Enbridge’s current full-year earnings is $2.08 per share. US Capital Advisors also issued estimates for Enbridge’s Q1 2025 earnings at $0.60 EPS, Q3 2025 earnings at $0.38 EPS, FY2025 earnings at $2.01 EPS and FY2026 earnings at $2.02 EPS.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, August 2nd. The pipeline company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.13. Enbridge had a return on equity of 10.07% and a net margin of 13.31%. The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter last year, the company earned $0.51 earnings per share.

Other research analysts have also issued research reports about the company. Morgan Stanley started coverage on Enbridge in a report on Friday, October 25th. They issued an “equal weight” rating on the stock. Jefferies Financial Group lowered Enbridge from a “buy” rating to a “hold” rating in a report on Monday, September 30th.

Enbridge Stock Up 0.5 %

ENB stock opened at $40.60 on Tuesday. Enbridge has a twelve month low of $31.68 and a twelve month high of $42.16. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The stock’s 50 day moving average is $40.69 and its 200-day moving average is $37.87. The firm has a market capitalization of $86.64 billion, a PE ratio of 20.61, a P/E/G ratio of 4.00 and a beta of 0.93.

Institutional Trading of Enbridge

Hedge funds have recently bought and sold shares of the business. Maia Wealth LLC purchased a new stake in Enbridge in the third quarter worth $225,000. Radnor Capital Management LLC increased its position in Enbridge by 9.0% in the third quarter. Radnor Capital Management LLC now owns 69,864 shares of the pipeline company’s stock worth $2,837,000 after buying an additional 5,775 shares during the last quarter. Callahan Advisors LLC increased its position in Enbridge by 43.0% in the third quarter. Callahan Advisors LLC now owns 138,403 shares of the pipeline company’s stock worth $5,621,000 after buying an additional 41,642 shares during the last quarter. United Advisor Group LLC increased its position in Enbridge by 22.7% in the third quarter. United Advisor Group LLC now owns 9,841 shares of the pipeline company’s stock worth $400,000 after buying an additional 1,818 shares during the last quarter. Finally, New England Capital Financial Advisors LLC increased its position in Enbridge by 89.0% in the third quarter. New England Capital Financial Advisors LLC now owns 1,062 shares of the pipeline company’s stock worth $43,000 after buying an additional 500 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors.

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.