Scotiabank Issues Pessimistic Forecast for Enbridge Earnings

Key Points

• Scotiabank lowered its FY2026 Enbridge earnings forecast to C$2.90 per share from C$2.93, while maintaining a “Strong Buy” rating. Its FY2027 estimate is C$3.16 per share.
• Enbridge reported quarterly earnings of C$0.49 per share on C$21.08 billion in revenue. The broader analyst consensus is “Moderate Buy,” with a C$77.62 price target.
• The company announced a quarterly dividend of $0.97 per share, equivalent to an annualized $3.88 and a 5.7% yield.

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Equities researchers at Scotiabank reduced their FY2026 earnings estimates for Enbridge in a research report issued on Wednesday, November 11th. Scotiabank analyst R. Hope now expects that the company will earn $2.90 per share for the year, down from their previous estimate of $2.93. Scotiabank has a "Strong-Buy" rating on the stock. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share. Scotiabank also issued estimates for Enbridge's FY2027 earnings at $3.16 EPS.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last announced its quarterly earnings results on Friday, November 6th. The company reported C$0.49 earnings per share for the quarter. Enbridge had a net margin of 7.54% and a return on equity of 10.43%. The company had revenue of C$21.08 billion for the quarter.

Several other brokerages have also weighed in on ENB. BMO Capital Markets raised Enbridge from a "hold" rating to an "outperform" rating and increased their target price for the stock from C$79.00 to C$79.50 in a research report on Tuesday, September 15th. TD raised Enbridge from a "hold" rating to a "buy" rating and lowered their price target for the company from C$82.00 to C$81.00 in a research report on Tuesday, September 15th. US Capital Advisors upgraded Enbridge from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 20th. Canadian Imperial Bank of Commerce upgraded Enbridge from a "hold" rating to an "outperformer" rating and upped their price target for the stock from C$77.00 to C$78.00 in a research note on Friday, August 28th. Finally, National Bank Financial upgraded Enbridge from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from C$81.00 to C$82.00 in a report on Tuesday, September 15th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Enbridge has an average rating of "Moderate Buy" and a consensus target price of C$77.62.

Enbridge Trading Up 0.5%

ENB stock opened at C$68.57 on Friday. The company has a market cap of C$152.83 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.72 and a beta of 0.74. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 171.59. The business has a fifty day simple moving average of C$67.38 and a 200-day simple moving average of C$72.53. Enbridge has a 52 week low of C$62.42 and a 52 week high of C$80.65.

Enbridge Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.97 per share. The ex-dividend date is Friday, November 13th. This represents a $3.88 annualized dividend and a dividend yield of 5.7%. Enbridge's dividend payout ratio (DPR) is currently 133.77%.

Insider Activity

In other Enbridge news, insider Michele Eva Harradence bought 7,105 shares of the company's stock in a transaction dated Monday, September 14th. The shares were acquired at an average cost of C$67.28 per share, with a total value of C$478,024.40. Following the completion of the transaction, the insider owned 87,467 shares in the company, valued at C$5,884,779.76. The trade was a 8.84% increase in their ownership of the stock. Also, Director Gregory Lorne Ebel purchased 7,105 shares of the business's stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average price of C$66.85 per share, for a total transaction of C$474,969.25. Following the purchase, the director owned 589,721 shares of the company's stock, valued at approximately C$39,422,848.85. This represents a 1.22% increase in their position. 0.10% of the stock is owned by company insiders.

About Enbridge

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.