National Bank Financial Forecasts Enbridge FY2025 Earnings

Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB - Equities researchers at National Bank Financial increased their FY2025 earnings per share estimates for Enbridge in a research report issued on Wednesday, April 23rd. National Bank Financial analyst P. Kenny now anticipates that the pipeline company will post earnings of $2.17 per share for the year, up from their prior estimate of $2.14. The consensus estimate for Enbridge's current full-year earnings is $2.14 per share.

A number of other research analysts have also recently commented on the company. CIBC reaffirmed an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. TD Securities started coverage on Enbridge in a report on Wednesday, January 15th. They set a "buy" rating on the stock. Raymond James upgraded Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Citigroup started coverage on shares of Enbridge in a research report on Friday, April 4th. They issued a "buy" rating for the company. Finally, Royal Bank of Canada raised their price target on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $67.00.

Enbridge Stock Performance

Shares of NYSE:ENB traded up $0.10 during midday trading on Friday, reaching $46.74. The company had a trading volume of 1,230,405 shares, compared to its average volume of 4,240,854. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The stock has a market cap of $101.90 billion, a P/E ratio of 27.20, a P/E/G ratio of 3.92 and a beta of 0.80. Enbridge has a 52-week low of $34.60 and a 52-week high of $46.85. The company's 50 day moving average price is $43.42 and its 200 day moving average price is $43.02.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. The business had revenue of $11.59 billion for the quarter, compared to analysts' expectations of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period in the previous year, the company earned $0.64 earnings per share.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be issued a $0.679 dividend. This is a boost from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date of this dividend is Thursday, May 15th. Enbridge's dividend payout ratio is presently 157.56%.

Hedge Funds Weigh In On Enbridge

Large investors have recently modified their holdings of the company. Garde Capital Inc. bought a new stake in shares of Enbridge in the 1st quarter worth approximately $26,000. McIlrath & Eck LLC boosted its position in Enbridge by 74.9% during the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock valued at $28,000 after buying an additional 295 shares during the period. Albion Financial Group UT bought a new position in shares of Enbridge during the fourth quarter valued at about $29,000. Wintrust Investments LLC increased its holdings in shares of Enbridge by 47.8% in the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after buying an additional 238 shares during the period. Finally, GeoWealth Management LLC lifted its stake in shares of Enbridge by 436.4% in the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 611 shares during the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

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.