FY2025 EPS Estimates for Enbridge Raised by Analyst

Key Points

• National Bank Financial has raised its FY2025 earnings per share estimate for Enbridge Inc to $2.16, up from $2.11, surpassing the current consensus estimate of $2.14.
• Enbridge recently announced an increase in its quarterly dividend to $0.6839, representing an annualized dividend yield of 5.8%.
• Institutional investors own 54.60% of Enbridge's stock, indicating significant institutional interest in the company.

Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB - Investment analysts at National Bank Financial upped their FY2025 earnings per share (EPS) estimates for shares of Enbridge in a note issued to investors on Monday, August 4th. National Bank Financial analyst P. Kenny now expects that the pipeline company will earn $2.16 per share for the year, up from their prior estimate of $2.11. The consensus estimate for Enbridge's current full-year earnings is $2.14 per share.

A number of other brokerages have also commented on ENB. Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. National Bankshares reaffirmed a "sector perform" rating on shares of Enbridge in a report on Tuesday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $67.00 price target on shares of Enbridge in a research report on Monday, May 12th. Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets restated a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $67.00.

Enbridge Stock Up 0.6%

Shares of ENB stock opened at $47.02 on Thursday. The stock has a 50 day moving average of $45.44 and a 200-day moving average of $44.60. The firm has a market cap of $102.52 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 4.33 and a beta of 0.79. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.58. Enbridge has a 12 month low of $38.21 and a 12 month high of $47.44.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its earnings results on Friday, August 1st. The pipeline company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.41 by $0.06. Enbridge had a net margin of 10.11% and a return on equity of 10.77%. The firm had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $10.56 billion. During the same quarter last year, the firm posted $0.58 EPS.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Brighton Jones LLC bought a new position in Enbridge in the fourth quarter valued at about $261,000. Cerity Partners LLC boosted its stake in shares of Enbridge by 13.8% in the 4th quarter. Cerity Partners LLC now owns 217,115 shares of the pipeline company's stock valued at $9,111,000 after purchasing an additional 26,301 shares during the last quarter. Invesco Ltd. grew its position in shares of Enbridge by 1.9% during the 4th quarter. Invesco Ltd. now owns 6,145,432 shares of the pipeline company's stock worth $260,751,000 after buying an additional 115,403 shares during the period. Scotia Capital Inc. raised its stake in shares of Enbridge by 1.4% during the fourth quarter. Scotia Capital Inc. now owns 14,500,982 shares of the pipeline company's stock worth $614,763,000 after buying an additional 193,463 shares during the last quarter. Finally, Legacy Financial Advisors Inc. lifted its holdings in Enbridge by 29.7% in the fourth quarter. Legacy Financial Advisors Inc. now owns 14,357 shares of the pipeline company's stock valued at $609,000 after buying an additional 3,288 shares during the period. Institutional investors and hedge funds own 54.60% of the company's stock.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Friday, August 15th will be given a $0.6839 dividend. This is a boost from Enbridge's previous quarterly dividend of $0.68. The ex-dividend date is Friday, August 15th. This represents a $2.74 annualized dividend and a yield of 5.8%. Enbridge's dividend payout ratio is presently 133.99%.

About Enbridge

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

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