Atb Cap Markets Raises Earnings Estimates for Enbridge

Key Points

• Atb Cap Markets has raised its earnings per share (EPS) estimates for Enbridge to $2.19 for FY2025, increasing from the previous forecast of $2.11 and above the consensus estimate of $2.14.
• Enbridge reported a quarterly EPS of $0.47 for the most recent quarter, surpassing expectations by $0.06, but had revenue that fell short of analyst estimates.
• The company declared a quarterly dividend increase to $0.6839 from $0.68, which translates to an annualized yield of 5.9%.

Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB - Equities researchers at Atb Cap Markets boosted their FY2025 earnings per share estimates for Enbridge in a research report issued on Monday, August 4th. Atb Cap Markets analyst N. Heywood now forecasts that the pipeline company will earn $2.19 per share for the year, up from their prior estimate of $2.11. The consensus estimate for Enbridge's current full-year earnings is $2.14 per share. Atb Cap Markets also issued estimates for Enbridge's Q4 2025 earnings at $0.58 EPS, Q1 2026 earnings at $0.77 EPS, Q2 2026 earnings at $0.55 EPS, Q3 2026 earnings at $0.46 EPS, Q4 2026 earnings at $0.64 EPS, FY2026 earnings at $2.41 EPS and FY2027 earnings at $2.51 EPS.

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

Enbridge Stock Performance

Shares of NYSE:ENB traded up $0.06 during mid-day trading on Wednesday, reaching $47.14. 152,945 shares of the company traded hands, compared to its average volume of 3,970,912. The company's 50 day moving average price is $45.47 and its 200-day moving average price is $44.62. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.75 and a quick ratio of 0.66. The firm has a market cap of $102.78 billion, a PE ratio of 23.23, a PEG ratio of 4.34 and a beta of 0.79. Enbridge has a 52 week low of $38.44 and a 52 week high of $47.44.

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, topping the consensus estimate of $0.41 by $0.06. Enbridge had a net margin of 10.11% and a return on equity of 10.77%. The firm had revenue of $7.14 billion for the quarter, compared to analysts' expectations of $10.56 billion. During the same quarter in the prior year, the business earned $0.58 EPS.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Friday, August 15th will be issued a $0.6839 dividend. This is a boost from Enbridge's previous quarterly dividend of $0.68. This represents a $2.74 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Friday, August 15th. Enbridge's dividend payout ratio is presently 134.98%.

Hedge Funds Weigh In On Enbridge

A number of large investors have recently made changes to their positions in the business. Dagco Inc. acquired a new stake in Enbridge in the 1st quarter worth approximately $25,000. Garde Capital Inc. purchased a new stake in shares of Enbridge during the first quarter valued at $26,000. Whipplewood Advisors LLC increased its position in shares of Enbridge by 112.4% in the 2nd quarter. Whipplewood Advisors LLC now owns 582 shares of the pipeline company's stock valued at $26,000 after acquiring an additional 308 shares during the period. Financial Gravity Asset Management Inc. purchased a new position in Enbridge in the 1st quarter worth $28,000. Finally, Accent Capital Management LLC acquired a new stake in Enbridge during the 1st quarter worth about $30,000. 54.60% of the stock is owned by institutional investors and hedge funds.

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.