Q4 EPS Estimates for Enbridge Raised by US Capital Advisors

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Analysts at US Capital Advisors raised their Q4 2024 earnings estimates for Enbridge in a research note issued to investors on Monday, October 28th. US Capital Advisors analyst J. Carreker now expects that the company will earn $0.79 per share for the quarter, up from their prior estimate of $0.75. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. US Capital Advisors also issued estimates for Enbridge’s FY2025 earnings at $2.79 EPS and FY2026 earnings at $2.81 EPS.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its earnings results on Friday, August 2nd. The company reported C$0.58 earnings per share for the quarter, missing the consensus estimate of C$0.62 by C($0.04). Enbridge had a net margin of 13.54% and a return on equity of 8.57%. The company had revenue of C$11.34 billion during the quarter, compared to analysts’ expectations of C$5.86 billion.

Several other research analysts have also weighed in on ENB. Morgan Stanley set a C$64.00 target price on shares of Enbridge and gave the stock an “equal weight” rating in a research report on Friday, October 25th. BMO Capital Markets upped their target price on Enbridge from C$54.00 to C$56.00 in a research note on Thursday, September 5th. Royal Bank of Canada raised their price target on Enbridge from C$55.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price objective on Enbridge from C$57.00 to C$60.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, National Bankshares boosted their target price on shares of Enbridge from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$56.31.

Enbridge Stock Down 1.0 %

ENB stock opened at C$56.25 on Wednesday. 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 has a market capitalization of C$122.63 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. Enbridge has a one year low of C$43.56 and a one year high of C$58.28. The company has a fifty day moving average of C$55.29 and a 200-day moving average of C$51.65.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 6.51%. Enbridge’s dividend payout ratio (DPR) is 140.77%.

Insiders Place Their Bets

In other news, Senior Officer Maximilian Chan sold 688 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total transaction of C$37,977.60. In related news, Senior Officer Maximilian Chan sold 688 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total transaction of C$37,977.60. Also, Director Steven Walter Williams bought 18,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of C$53.74 per share, for a total transaction of C$999,564.00. 0.10% of the stock is currently owned by insiders.

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.