FY2025 EPS Estimates for Enbridge Boosted by Atb Cap Markets

Key Points

• Atb Cap Markets has raised its FY2025 earnings per share forecast for Enbridge from $3.00 to $3.04, while the consensus estimate for the current full-year earnings stands at $3.51 per share.
• Enbridge recently announced a quarterly dividend of $0.9425, which gives the stock an annualized dividend of $3.77 and a yield of 5.7%.
• The company's current market capitalization is C$144.44 billion with a PE ratio of 23.32, indicating a focus on consistent dividend payouts despite a high dividend payout ratio of 130.81%.

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Analysts at Atb Cap Markets lifted their FY2025 earnings per share estimates for Enbridge in a report issued on Sunday, October 19th. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $3.04 per share for the year, up from their previous forecast of $3.00. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share.

Other equities research analysts also recently issued research reports about the company. Cibc World Mkts downgraded Enbridge from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 9th. ATB Capital raised their price objective on shares of Enbridge from C$66.00 to C$67.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. CIBC downgraded shares of Enbridge from an "outperform" rating to a "neutral" rating and increased their target price for the company from C$68.00 to C$70.00 in a research report on Thursday, October 9th. Argus raised Enbridge to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, National Bankshares upped their price objective on shares of Enbridge from C$64.00 to C$65.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$67.80.

Enbridge Stock Performance

ENB stock opened at C$66.24 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. The firm has a market cap of C$144.44 billion, a PE ratio of 23.32, a P/E/G ratio of 1.72 and a beta of 0.89. The business's 50-day moving average price is C$67.24 and its two-hundred day moving average price is C$64.13. Enbridge has a 1-year low of C$55.53 and a 1-year high of C$70.39.

Enbridge Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, September 1st were given a $0.9425 dividend. This represents a $3.77 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, August 15th. Enbridge's dividend payout ratio (DPR) is currently 130.81%.

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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