Brokers Offer Predictions for Enbridge Q4 Earnings

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – National Bank Financial issued their Q4 2024 EPS estimates for shares of Enbridge in a research report issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny forecasts that the company will post earnings of $0.76 per share for the quarter. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its earnings results on Friday, November 1st. The company reported C$0.55 EPS for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.01). Enbridge had a net margin of 13.54% and a return on equity of 8.57%. During the same quarter last year, the firm earned $0.62 earnings per share.

A number of other analysts also recently weighed in on the company. Raymond James lifted their price target on Enbridge from C$59.00 to C$63.00 in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on Enbridge from C$66.00 to C$69.00 in a research note on Thursday, December 5th. CIBC lifted their target price on Enbridge from C$63.00 to C$66.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. TD Securities set a C$66.00 price objective on shares of Enbridge and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company lifted their target price on shares of Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$62.23.

Enbridge Stock Performance

TSE ENB opened at C$62.85 on Thursday. The business’s 50-day moving average price is C$61.57 and its 200 day moving average price is C$57.07. Enbridge has a 52-week low of C$45.05 and a 52-week high of C$65.62. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26. The firm has a market cap of C$137.01 billion, a P/E ratio of 24.17, a P/E/G ratio of 1.72 and a beta of 0.90.

Insider Transactions at Enbridge

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

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st will be paid a dividend of $0.9425 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a dividend yield of 6.00%. The ex-dividend date of this dividend is Friday, February 14th. 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.