Q1 Earnings Forecast for Enbridge Issued By Atb Cap Markets

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Atb Cap Markets upped their Q1 2025 EPS estimates for shares of Enbridge in a research note issued on Monday, February 17th. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will earn $0.70 per share for the quarter, up from their prior estimate of $0.67. The consensus estimate for Enbridge’s current full-year earnings is $2.15 per share. Atb Cap Markets also issued estimates for Enbridge’s FY2025 earnings at $2.10 EPS.

A number of other analysts have also commented on the stock. TD Securities initiated coverage on shares of Enbridge in a research note on Wednesday, January 15th. They set a “buy” rating for the company. Morgan Stanley initiated coverage on shares of Enbridge in a research note on Friday, October 25th. They set an “equal weight” rating for the company. Royal Bank of Canada upped their price objective on shares of Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Wells Fargo & Company raised shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $67.00.

Enbridge Price Performance

ENB stock opened at $42.31 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. Enbridge has a one year low of $32.85 and a one year high of $45.78. The firm has a market capitalization of $92.20 billion, a PE ratio of 24.60, a P/E/G ratio of 4.02 and a beta of 0.94. The firm has a 50-day moving average of $43.35 and a two-hundred day moving average of $41.84.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.15%. The company had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the company earned $0.64 EPS.

Enbridge Cuts Dividend

The firm 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 $0.67 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.33%. Enbridge’s dividend payout ratio is 155.81%.

Hedge Funds Weigh In On Enbridge

A number of large investors have recently made changes to their positions in ENB. Creative Planning increased its holdings in shares of Enbridge by 5.9% in the 3rd quarter. Creative Planning now owns 241,572 shares of the pipeline company’s stock valued at $9,810,000 after purchasing an additional 13,455 shares during the period. Stratos Wealth Advisors LLC acquired a new position in shares of Enbridge in the 3rd quarter valued at about $204,000. Foundations Investment Advisors LLC increased its holdings in Enbridge by 14.3% in the third quarter. Foundations Investment Advisors LLC now owns 47,691 shares of the pipeline company’s stock worth $1,937,000 after buying an additional 5,979 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Enbridge by 393.3% in the third quarter. Sequoia Financial Advisors LLC now owns 95,415 shares of the pipeline company’s stock worth $3,875,000 after buying an additional 76,072 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Enbridge by 3.2% in the third quarter. Signaturefd LLC now owns 40,717 shares of the pipeline company’s stock worth $1,654,000 after buying an additional 1,278 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

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.