Atb Cap Markets Reduces Earnings Estimates for Enbridge

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Stock analysts at Atb Cap Markets lowered their FY2025 EPS estimates for shares of Enbridge in a report issued on Sunday, May 11th. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $2.91 per share for the year, down from their previous estimate of $3.04. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share. Atb Cap Markets also issued estimates for Enbridge's Q1 2026 earnings at $1.03 EPS and FY2026 earnings at $3.23 EPS.

ENB has been the subject of several other reports. Royal Bank of Canada increased their price objective on Enbridge from C$63.00 to C$67.00 in a research note on Tuesday, February 18th. Scotiabank increased their target price on shares of Enbridge from C$61.00 to C$65.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. BMO Capital Markets increased their target price on shares of Enbridge from C$60.00 to C$63.00 in a research report on Monday, May 12th. Jefferies Financial Group increased their target price on shares of Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th. Finally, Citigroup set a C$75.00 target price on shares of Enbridge and gave the stock a "buy" rating in a research report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$66.00.

Enbridge Stock Up 0.0%

Enbridge stock traded up C$0.02 during mid-day trading on Wednesday, hitting C$62.73. The company's stock had a trading volume of 14,806,072 shares, compared to its average volume of 9,272,560. The firm's 50 day moving average is C$62.58 and its 200 day moving average is C$61.55. The company has a market cap of C$135.95 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44. Enbridge has a 52-week low of C$47.41 and a 52-week high of C$65.62.

Enbridge Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Sunday, June 1st will be paid a $0.9425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.77 dividend on an annualized basis and a yield of 6.01%. Enbridge's payout ratio is presently 118.98%.

Insider Activity at Enbridge

In other news, Senior Officer Michele Eva Harradence bought 5,857 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average cost of C$62.53 per share, for a total transaction of C$366,238.21. Also, Senior Officer Matthew Allan Akman purchased 1,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was bought at an average price of C$61.24 per share, for a total transaction of C$61,240.00. 0.10% of the stock is currently owned by company insiders.

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.