FY2025 EPS Estimates for Enbridge Lifted by Atb Cap Markets

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Analysts at Atb Cap Markets increased their FY2025 earnings estimates for shares of Enbridge in a research report issued on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will earn $3.04 per share for the year, up from their previous estimate of $3.00. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share.

A number of other research firms have also commented on ENB. Echelon Wealth Partners lifted their target price on Enbridge from C$67.00 to C$74.00 in a report on Wednesday, April 23rd. Royal Bank of Canada lifted their price target on shares of Enbridge from C$63.00 to C$67.00 in a research note on Tuesday, February 18th. Citigroup set a C$75.00 price objective on Enbridge and gave the company a "buy" rating in a research report on Friday, April 4th. CIBC raised their price objective on shares of Enbridge from C$66.00 to C$67.00 in a report on Wednesday, March 5th. Finally, TD Securities lifted their price target on shares of Enbridge from C$66.00 to C$67.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$65.79.

Enbridge Stock Up 0.1 %

Shares of TSE ENB traded up C$0.09 during midday trading on Monday, hitting C$64.50. The stock had a trading volume of 446,404 shares, compared to its average volume of 8,363,475. The company has a market cap of C$139.79 billion, a P/E ratio of 20.97, a PEG ratio of 1.72 and a beta of 0.90. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The business's 50 day moving average is C$61.97 and its 200-day moving average is C$61.08. Enbridge has a 52 week low of C$47.41 and a 52 week high of C$65.62.

Enbridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be given a dividend of $0.9425 per share. This represents a $3.77 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Thursday, May 15th. Enbridge's payout ratio is currently 118.98%.

Insider Transactions at Enbridge

In other Enbridge news, Senior Officer Michele Eva Harradence bought 5,857 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average cost of C$62.53 per share, with a total value of C$366,238.21. Also, Senior Officer Matthew Allan Akman purchased 1,000 shares of Enbridge stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average price of C$61.24 per share, for a total transaction of C$61,240.00. Insiders own 0.10% of the company's stock.

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.