Scotiabank Comments on Enbridge's FY2026 Earnings (NYSE:ENB)

Key Points

• Scotiabank lowered its FY2026 EPS forecast for Enbridge to $2.08 from $2.11, slightly below the $2.09 consensus estimate, while maintaining a “Strong-Buy” rating. It projects FY2027 EPS of $2.26.
• Analyst sentiment remains broadly positive, with Enbridge carrying a consensus “Moderate Buy” rating and an average price target of $65.88.
• Enbridge’s shares opened at $48.12, versus a one-year range of $45.03 to $58.45. The company’s latest quarterly results exceeded expectations, reporting $0.46 EPS versus the $0.43 consensus and $9.70 billion in revenue.

Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB - Equities research analysts at Scotiabank dropped their FY2026 EPS estimates for shares of Enbridge in a report issued on Thursday, October 22nd. Scotiabank analyst R. Hope now forecasts that the pipeline company will post earnings per share of $2.08 for the year, down from their prior forecast of $2.11. Scotiabank currently has a "Strong-Buy" rating on the stock. The consensus estimate for Enbridge's current full-year earnings is $2.09 per share. Scotiabank also issued estimates for Enbridge's FY2027 earnings at $2.26 EPS.

Several other brokerages have also recently weighed in on ENB. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Enbridge in a research note on Thursday. Wolfe Research set a $50.00 price objective on Enbridge in a report on Tuesday, August 4th. TD raised Enbridge to a "buy" rating in a research report on Tuesday, September 15th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Enbridge in a report on Monday, September 14th. Finally, The Goldman Sachs Group assumed coverage on Enbridge in a report on Wednesday, September 30th. They set a "neutral" rating and a $50.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Enbridge presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.88.

Enbridge Price Performance

Shares of NYSE:ENB opened at $48.12 on Monday. Enbridge has a one year low of $45.03 and a one year high of $58.45. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market cap of $107.25 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 5.75 and a beta of 0.60. The firm has a 50 day simple moving average of $48.47 and a 200 day simple moving average of $52.51.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings data on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. The firm had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $8.67 billion. During the same period last year, the business posted $0.65 earnings per share.

Institutional Investors Weigh In On Enbridge

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENB. Apollon Wealth Management LLC raised its stake in Enbridge by 5.4% in the 3rd quarter. Apollon Wealth Management LLC now owns 130,285 shares of the pipeline company's stock valued at $6,057,000 after acquiring an additional 6,625 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in Enbridge by 2.2% during the third quarter. Kingswood Wealth Advisors LLC now owns 17,377 shares of the pipeline company's stock valued at $808,000 after purchasing an additional 366 shares during the last quarter. Evergreen Capital Management LLC boosted its position in Enbridge by 2.9% during the third quarter. Evergreen Capital Management LLC now owns 132,393 shares of the pipeline company's stock worth $6,155,000 after purchasing an additional 3,766 shares during the period. Tectonic Advisors LLC boosted its position in Enbridge by 7.4% during the third quarter. Tectonic Advisors LLC now owns 354,389 shares of the pipeline company's stock worth $16,476,000 after purchasing an additional 24,314 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its stake in shares of Enbridge by 1.3% in the third quarter. Farmers & Merchants Investments Inc. now owns 296,817 shares of the pipeline company's stock worth $13,799,000 after purchasing an additional 3,932 shares in the last quarter. Hedge funds and other institutional investors own 54.60% of the company's stock.

About Enbridge

Enbridge Inc is a Canadian energy infrastructure company that operates one of the largest pipeline and energy delivery networks in North America. Its businesses transport crude oil and other liquid hydrocarbons, move and store natural gas, and deliver natural gas to residential, commercial and industrial customers.

The company's operations span Canada and the United States, including extensive pipeline systems serving major producing regions, refineries and population centers. Enbridge also develops and operates renewable power assets, including offshore and onshore wind projects, solar facilities and other lower-carbon energy infrastructure.

Enbridge traces its history to the Interprovincial Pipe Line Company, founded in 1949 to transport Canadian crude oil.

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