National Bank Financial Predicts Lower Earnings for Enbridge

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – National Bank Financial dropped their FY2026 EPS estimates for Enbridge in a report released on Tuesday, March 4th. National Bank Financial analyst P. Kenny now forecasts that the company will earn $3.17 per share for the year, down from their prior forecast of $3.18. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

Several other research firms have also recently issued reports on ENB. Wells Fargo & Company increased their target price on Enbridge from C$57.00 to C$60.00 in a research report on Thursday, December 5th. Barclays increased their price objective on shares of Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. TD Securities lifted their price target on shares of Enbridge from C$66.00 to C$67.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. CIBC upped their price objective on Enbridge from C$66.00 to C$67.00 in a report on Wednesday. Finally, BMO Capital Markets increased their target price on Enbridge from C$59.00 to C$60.00 in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Enbridge presently has an average rating of “Hold” and an average target price of C$63.31.

Enbridge Trading Up 1.4 %

Shares of ENB stock opened at C$61.01 on Thursday. The stock has a fifty day simple moving average of C$62.36 and a two-hundred day simple moving average of C$58.86. Enbridge has a 52-week low of C$45.39 and a 52-week high of C$65.62. The firm has a market capitalization of C$132.22 billion, a PE ratio of 19.83, a PEG ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62.

Insiders Place Their Bets

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total value of C$66,293.64. 0.10% of the stock is owned by company insiders.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Saturday, March 1st were issued a $0.9425 dividend. This is an increase from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a dividend yield of 6.18%. The ex-dividend date of this dividend was Friday, February 14th. Enbridge’s payout ratio is presently 118.98%.

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.