Equities Analysts Issue Forecasts for Enbridge Q1 Earnings

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Stock analysts at National Bank Financial issued their Q1 2025 earnings per share estimates for Enbridge in a report issued on Wednesday, April 23rd. National Bank Financial analyst P. Kenny expects that the company will post earnings of $0.89 per share for the quarter. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share. National Bank Financial also issued estimates for Enbridge's FY2025 earnings at $3.01 EPS.

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

Enbridge Trading Up 0.3 %

TSE:ENB traded up C$0.18 on Thursday, reaching C$64.63. The company's stock had a trading volume of 753,561 shares, compared to its average volume of 8,344,150. The business's 50-day moving average price is C$61.66 and its two-hundred day moving average price is C$60.90. Enbridge has a 1-year low of C$47.41 and a 1-year high of C$65.62. The firm has a market cap of C$140.07 billion, a PE ratio of 21.01, a PEG ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62.

Insider Activity

In other Enbridge news, Senior Officer Michele Eva Harradence purchased 5,857 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average cost of C$62.53 per share, for a total transaction of C$366,238.21. Also, Senior Officer Matthew Allan Akman purchased 1,000 shares of the firm's 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 Announces Dividend

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 $0.9425 dividend. This represents a $3.77 annualized dividend and a dividend yield of 5.83%. Enbridge's payout ratio is presently 118.98%.

About Enbridge

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.