National Bank Financial Cuts Earnings Estimates for Enbridge

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Stock analysts at National Bank Financial cut their FY2026 earnings per share (EPS) estimates for Enbridge in a research report issued to clients and investors on Tuesday, March 4th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $3.17 for the year, down from their previous forecast of $3.18. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

ENB has been the subject of a number of other reports. Wells Fargo & Company boosted their price target on Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. CIBC raised their price target on shares of Enbridge from C$66.00 to C$67.00 in a research report on Wednesday. TD Securities upped their price objective on shares of Enbridge from C$66.00 to C$67.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Barclays increased their target price on shares of Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. Finally, Raymond James boosted their price objective on Enbridge from C$65.00 to C$67.00 in a research report on Tuesday, February 18th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$63.31.

Enbridge Price Performance

TSE:ENB opened at C$61.01 on Thursday. The firm has a market cap of C$132.22 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a one year low of C$45.39 and a one year high of C$65.62. The firm’s fifty day moving average is C$62.36 and its two-hundred day moving average is C$58.86. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st were paid a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a yield of 6.18%. This is a positive change from Enbridge’s previous quarterly dividend of $0.92. The ex-dividend date was Friday, February 14th. Enbridge’s dividend payout ratio (DPR) is 118.98%.

Insider Transactions at Enbridge

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge 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. Insiders own 0.10% of the company’s stock.

About Enbridge

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.