Q1 Earnings Forecast for Enbridge Issued By Atb Cap Markets

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Equities research analysts at Atb Cap Markets raised their Q1 2025 earnings estimates for Enbridge in a research report issued on Monday, February 17th. Atb Cap Markets analyst N. Heywood now forecasts that the pipeline company will post earnings of $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.

Several other analysts have also weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday. Morgan Stanley began coverage on shares of Enbridge in a research note on Friday, October 25th. They set an “equal weight” rating for the company. Wells Fargo & Company upgraded shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 6th. Finally, TD Securities began coverage on shares of Enbridge in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Enbridge currently has an average rating of “Hold” and an average target price of $67.00.

Enbridge Stock Down 1.0 %

ENB stock opened at $42.31 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.62 and a quick ratio of 0.54. Enbridge has a 1-year low of $32.85 and a 1-year high of $45.78. The firm has a fifty day moving average price of $43.35 and a two-hundred day moving average price of $41.84. The firm has a market cap of $92.20 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 4.02 and a beta of 0.94.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping 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 business had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share.

Enbridge Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be given a dividend of $0.67 per share. The ex-dividend date is Friday, February 14th. This represents a $2.68 annualized dividend and a dividend yield of 6.33%. Enbridge’s dividend payout ratio is currently 155.81%.

Institutional Investors Weigh In On Enbridge

Several institutional investors have recently bought and sold shares of ENB. Creative Planning lifted its holdings in Enbridge by 5.9% in the third quarter. Creative Planning now owns 241,572 shares of the pipeline company’s stock worth $9,810,000 after purchasing an additional 13,455 shares during the period. Stratos Wealth Advisors LLC acquired a new stake in Enbridge in the third quarter worth about $204,000. Foundations Investment Advisors LLC lifted 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 purchasing an additional 5,979 shares during the period. Sequoia Financial Advisors LLC lifted 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 purchasing an additional 76,072 shares during the period. Finally, Signaturefd LLC lifted 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 purchasing an additional 1,278 shares during the period. Institutional investors and hedge funds own 54.60% 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.