Analysts Offer Predictions for Enbridge FY2026 Earnings

Key Points

• Analysts at National Bank Financial have increased their FY2026 earnings per share estimate for Enbridge to $2.32, indicating an optimistic outlook compared to the previous estimate of $2.30.
• Enbridge's recent quarterly earnings report showed an EPS of $0.47, exceeding expectations and demonstrating a return on equity of 10.77%.
• The company has recently announced a dividend increase to $0.6839 per share, which reflects a dividend yield of 5.9%.

Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB - Equities research analysts at National Bank Financial lifted their FY2026 earnings per share (EPS) estimates for shares of Enbridge in a research report issued on Monday, August 4th. National Bank Financial analyst P. Kenny now expects that the pipeline company will earn $2.32 per share for the year, up from their prior estimate of $2.30. The consensus estimate for Enbridge's current full-year earnings is $2.14 per share.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings data on Friday, August 1st. The pipeline company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.06. Enbridge had a return on equity of 10.77% and a net margin of 10.11%. The company had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $10.56 billion. During the same quarter last year, the company earned $0.58 earnings per share.

Other equities research analysts also recently issued research reports about the company. National Bankshares reaffirmed a "sector perform" rating on shares of Enbridge in a research report on Tuesday. Wall Street Zen upgraded Enbridge from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Raymond James Financial upgraded Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Jefferies Financial Group upgraded Enbridge from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $67.00.

Enbridge Price Performance

Shares of ENB stock opened at $46.74 on Wednesday. Enbridge has a 1-year low of $37.04 and a 1-year high of $47.44. The stock's 50-day moving average is $45.42 and its 200 day moving average is $44.59. The company has a market cap of $101.92 billion, a P/E ratio of 23.03, a PEG ratio of 4.34 and a beta of 0.79. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.75 and a quick ratio of 0.66.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ENB. Goldman Sachs Group Inc. raised its stake in shares of Enbridge by 137.9% in the first quarter. Goldman Sachs Group Inc. now owns 32,907,433 shares of the pipeline company's stock worth $1,458,128,000 after purchasing an additional 19,074,827 shares during the last quarter. Blackstone Inc. raised its stake in shares of Enbridge by 650.7% in the fourth quarter. Blackstone Inc. now owns 5,718,089 shares of the pipeline company's stock worth $242,619,000 after purchasing an additional 4,956,379 shares during the last quarter. Nuveen LLC purchased a new position in shares of Enbridge in the first quarter worth about $208,490,000. Deutsche Bank AG raised its stake in shares of Enbridge by 13.9% in the fourth quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company's stock worth $1,541,745,000 after purchasing an additional 4,426,684 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Enbridge by 39.7% in the first quarter. Canada Pension Plan Investment Board now owns 9,525,987 shares of the pipeline company's stock worth $421,675,000 after purchasing an additional 2,707,068 shares during the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Friday, August 15th will be paid a $0.6839 dividend. The ex-dividend date is Friday, August 15th. This is a positive change from Enbridge's previous quarterly dividend of $0.68. This represents a $2.74 annualized dividend and a dividend yield of 5.9%. Enbridge's dividend payout ratio (DPR) is 133.99%.

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.

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