What is Scotiabank's Estimate for Enbridge FY2026 Earnings?

Key Points

• Scotiabank lowered its FY2026 earnings estimate for Enbridge to $2.04 per share from $2.08, below the analyst consensus of $2.10. It forecasts FY2027 earnings of $2.22 per share and maintains a Strong Buy rating.
• Enbridge reported quarterly EPS of $0.39, beating the $0.36 consensus estimate; revenue was $21.08 billion.
• Enbridge declared a quarterly dividend of C$0.97 per share, equivalent to an annualized yield of about 8.1% at the article’s stated share price.

Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB - Investment analysts at Scotiabank dropped their FY2026 earnings estimates for shares of Enbridge in a report released on Wednesday, November 11th. Scotiabank analyst R. Hope now expects that the pipeline company will earn $2.04 per share for the year, down from their prior forecast of $2.08. Scotiabank has a "Strong-Buy" rating on the stock. The consensus estimate for Enbridge's current full-year earnings is $2.10 per share. Scotiabank also issued estimates for Enbridge's FY2027 earnings at $2.22 EPS.

ENB has been the subject of a number of other research reports. Wolfe Research set a $50.00 price objective on Enbridge in a research report on Tuesday, August 4th. BMO Capital Markets raised Enbridge from a "market perform" rating to an "outperform" rating and set a $79.50 target price on the stock in a research report on Monday, September 14th. US Capital Advisors raised Enbridge from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 20th. Royal Bank Of Canada lifted their price target on Enbridge from $79.00 to $84.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Enbridge in a report on Tuesday, September 15th. One investment 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 stock. According to MarketBeat.com, Enbridge presently has a consensus rating of "Moderate Buy" and an average price target of $65.88.

Enbridge Price Performance

Shares of NYSE:ENB opened at $48.09 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.66 and a debt-to-equity ratio of 1.66. Enbridge has a 1 year low of $45.03 and a 1 year high of $58.45. The business has a fifty day simple moving average of $47.88 and a 200 day simple moving average of $52.18. The firm has a market cap of $107.18 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 5.71 and a beta of 0.59.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings results on Friday, November 6th. The pipeline company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. Enbridge had a net margin of 7.37% and a return on equity of 11.56%. The business had revenue of $21.08 billion for the quarter, compared to analysts' expectations of $9.62 billion.

Institutional Investors Weigh In On Enbridge

Institutional investors and hedge funds have recently modified their holdings of the business. Smith Moore & CO. raised its holdings in Enbridge by 0.9% during the third quarter. Smith Moore & CO. now owns 50,805 shares of the pipeline company's stock valued at $2,362,000 after buying an additional 461 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Enbridge by 3.4% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,585,232 shares of the pipeline company's stock worth $166,657,000 after buying an additional 117,302 shares during the last quarter. Meeder Advisory Services Inc. boosted its stake in shares of Enbridge by 69.0% during the 3rd quarter. Meeder Advisory Services Inc. now owns 8,084 shares of the pipeline company's stock worth $376,000 after acquiring an additional 3,301 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Enbridge by 1.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 78,090 shares of the pipeline company's stock worth $3,639,000 after acquiring an additional 1,307 shares in the last quarter. Finally, CacheTech Inc. boosted its stake in shares of Enbridge by 36.7% during the 3rd quarter. CacheTech Inc. now owns 23,498 shares of the pipeline company's stock worth $1,092,000 after acquiring an additional 6,303 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company's stock.

Enbridge Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a dividend of C$0.97 per share. The ex-dividend date is Friday, November 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 8.1%. Enbridge's dividend payout ratio (DPR) is currently 134.80%.

Enbridge Company Profile

Enbridge Inc. is a North American energy infrastructure company that transports and distributes energy. Its businesses include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas utilities that serve homes and businesses. Founded in 1949 as Interprovincial Pipe Line Company, Enbridge has grown into a cross-border operator serving customers and energy markets in Canada and the United States. Its infrastructure moves crude oil, natural gas and natural gas liquids, connecting producers with refineries, utilities and other markets.

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