Enbridge FY2025 EPS Boosted by National Bank Financial

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 - Stock analysts at National Bank Financial raised their FY2025 EPS estimates for shares of Enbridge in a report released on Monday, August 4th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $2.96 per share for the year, up from their prior forecast 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.

ENB has been the topic of a number of other research reports. Jefferies Financial Group raised shares of Enbridge from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$65.00 to C$72.00 in a report on Wednesday, July 23rd. BMO Capital Markets raised their price target on Enbridge from C$60.00 to C$63.00 in a research report on Monday, May 12th. Echelon Wealth Partners increased their price objective on shares of Enbridge from C$67.00 to C$74.00 in a research note on Wednesday, April 23rd. Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. Finally, ATB Capital lifted their price objective on Enbridge from C$66.00 to C$67.00 and gave the stock an "outperform" rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Enbridge presently has an average rating of "Moderate Buy" and a consensus target price of C$67.07.

Enbridge Stock Performance

TSE ENB opened at C$64.62 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. Enbridge has a 12-month low of C$52.51 and a 12-month high of C$65.62. The stock has a market capitalization of C$140.05 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 1.72 and a beta of 0.90. The business's 50 day moving average is C$62.22 and its two-hundred day moving average is C$62.41.

Insider Transactions at Enbridge

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

Enbridge Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Monday, September 1st will be paid a dividend of $0.9425 per share. This represents a $3.77 annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, August 15th. Enbridge's payout ratio is currently 118.98%.

Enbridge Company Profile

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.

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