Enbridge (ENB) Expected to Announce Earnings on Friday

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Friday, May 9th. Analysts expect the company to announce earnings of $0.66 per share and revenue of $10.20 billion for the quarter.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The firm had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the company earned $0.64 EPS. On average, analysts expect Enbridge to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Enbridge Stock Performance

Shares of ENB stock opened at $46.51 on Friday. The firm has a market capitalization of $101.38 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 3.92 and a beta of 0.80. The stock has a fifty day moving average of $43.71 and a 200 day moving average of $43.10. Enbridge has a 52 week low of $34.60 and a 52 week high of $47.08. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th will be issued a $0.679 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 5.84%. Enbridge's dividend payout ratio is 157.56%.

Institutional Trading of Enbridge

An institutional investor recently bought a new position in Enbridge stock. Brighton Jones LLC purchased a new position in Enbridge Inc. (NYSE:ENB - Free Report) TSE: ENB in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,151 shares of the pipeline company's stock, valued at approximately $261,000. Institutional investors own 54.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Securities started coverage on shares of Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. Royal Bank of Canada upped their target price on Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Citigroup began coverage on Enbridge in a research note on Friday, April 4th. They issued a "buy" rating for the company. Raymond James raised Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Finally, CIBC reissued an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $67.00.

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.

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