National Bank Financial Expects Higher Earnings for Enbridge

Key Points

• National Bank Financial has increased its FY2025 EPS estimate for Enbridge Inc. from $2.93 to $2.96, while the consensus currently stands at $3.51 per share.
• The company recently announced a quarterly dividend of $0.9425 per share, representing a yield of 5.8% and an annualized payout of $3.77.
• Enbridge's stock has received multiple upgrades from various analysts, with the current average rating classified as a "Moderate Buy" and a consensus target price of C$67.07.

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Equities research analysts at National Bank Financial upped their FY2025 earnings estimates for Enbridge in a report released on Monday, August 4th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $2.96 for the year, up from their previous estimate of $2.93. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share. National Bank Financial also issued estimates for Enbridge's FY2026 earnings at $3.18 EPS.

Other analysts have also issued research reports about the stock. Echelon Wealth Partners lifted their price target on shares of Enbridge from C$67.00 to C$74.00 in a research note on Wednesday, April 23rd. Jefferies Financial Group raised shares of Enbridge from a "hold" rating to a "buy" rating and lifted their price objective for the stock from C$65.00 to C$72.00 in a report on Wednesday, July 23rd. National Bankshares boosted their price target on shares of Enbridge from C$64.00 to C$65.00 and gave the company a "sector perform" rating in a report on Tuesday, August 5th. Raymond James Financial upgraded shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Finally, ATB Capital boosted their price target on shares of Enbridge from C$66.00 to C$67.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Enbridge has an average rating of "Moderate Buy" and a consensus price target of C$67.07.

Enbridge Stock Up 1.2%

Shares of ENB traded up C$0.75 during mid-day trading on Thursday, reaching C$65.44. 9,077,881 shares of the stock traded hands, compared to its average volume of 8,560,151. The firm has a market cap of C$141.82 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 1.72 and a beta of 0.90. The stock has a fifty day simple moving average of C$62.28 and a 200 day simple moving average of C$62.38. Enbridge has a 12-month low of C$52.76 and a 12-month high of C$65.62. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86.

Insider Buying and Selling at Enbridge

In other news, Senior Officer Maximilian Chan sold 801 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$63.17, for a total transaction of C$50,599.17. 0.10% of the stock is currently owned by insiders.

Enbridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Monday, September 1st will be given a dividend of $0.9425 per share. The ex-dividend date is Friday, August 15th. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.8%. Enbridge's dividend payout ratio (DPR) is presently 118.98%.

About Enbridge

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company.