Enbridge FY2024 EPS Raised by National Bank Financial

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Stock analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Enbridge in a research report issued to clients and investors on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $2.82 for the year, up from their previous forecast of $2.80. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. National Bank Financial also issued estimates for Enbridge’s FY2026 earnings at $3.27 EPS and FY2027 earnings at $3.36 EPS.

Other equities analysts also recently issued reports about the stock. Scotiabank raised their price target on shares of Enbridge from C$57.00 to C$61.00 in a research note on Wednesday, December 4th. Barclays raised their target price on shares of Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. Jefferies Financial Group cut Enbridge from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$55.00 to C$58.00 in a report on Monday, September 30th. Morgan Stanley set a C$64.00 price target on Enbridge and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Raymond James boosted their price objective on Enbridge from C$59.00 to C$63.00 in a research note on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Enbridge presently has a consensus rating of “Hold” and an average price target of C$61.33.

Enbridge Trading Down 0.4 %

Shares of ENB stock opened at C$62.74 on Thursday. Enbridge has a fifty-two week low of C$45.05 and a fifty-two week high of C$63.40. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. The stock’s fifty day moving average is C$60.13 and its two-hundred day moving average is C$55.55. The firm has a market capitalization of C$136.77 billion, a P/E ratio of 24.13, a PEG ratio of 1.72 and a beta of 0.90.

Insider Transactions at Enbridge

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total value of C$66,293.64. Company insiders own 0.10% of the company’s stock.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be paid a $0.9425 dividend. This represents a $3.77 annualized dividend and a dividend yield of 6.01%. This is a positive change from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio is 140.77%.

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.