Scotiabank Has Negative Outlook of Enbridge FY2026 Earnings

Key Points

• Scotiabank lowered its FY2026 EPS estimate for Enbridge to $2.10 from $2.11, below the $2.12 consensus, while maintaining an “Outperform” rating. Its FY2027 EPS estimate is $2.31.
• Enbridge beat quarterly earnings expectations, reporting $0.46 EPS versus the $0.43 consensus, while revenue reached $9.70 billion compared with estimates of $8.67 billion.
• The stock was trading down 2.8% at $51.91, and analysts collectively rated it “Hold,” with five Buy ratings and seven Hold ratings. Enbridge also announced a quarterly dividend of $0.97 per share, representing a 7.5% annualized yield.

Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB - Scotiabank dropped their FY2026 earnings estimates for Enbridge in a report released on Tuesday, August 4th. Scotiabank analyst R. Hope now expects that the pipeline company will earn $2.10 per share for the year, down from their previous estimate of $2.11. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for Enbridge's current full-year earnings is $2.12 per share. Scotiabank also issued estimates for Enbridge's FY2027 earnings at $2.31 EPS.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. The company had revenue of $9.70 billion during the quarter, compared to analyst estimates of $8.67 billion. During the same period in the prior year, the business posted $0.65 earnings per share.

A number of other equities research analysts have also weighed in on ENB. Royal Bank Of Canada lifted their price objective on Enbridge from $79.00 to $84.00 and gave the stock an "outperform" rating in a research report on Monday. TD Securities restated a "hold" rating on shares of Enbridge in a report on Thursday, July 16th. Raymond James Financial lowered Enbridge from an "outperform" rating to a "market perform" rating in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce reiterated a "neutral" rating on shares of Enbridge in a report on Monday, May 11th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of Enbridge in a research report on Monday. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $62.67.

Enbridge Trading Down 2.8%

ENB opened at $51.91 on Thursday. The business has a 50 day simple moving average of $55.28 and a two-hundred day simple moving average of $53.77. The firm has a market capitalization of $113.36 billion, a price-to-earnings ratio of 27.76 and a beta of 0.58. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.73. Enbridge has a one year low of $45.03 and a one year high of $58.45.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Retirement Planning Group LLC raised its holdings in Enbridge by 3.6% in the first quarter. Retirement Planning Group LLC now owns 5,357 shares of the pipeline company's stock valued at $290,000 after acquiring an additional 187 shares in the last quarter. Bank & Trust Co grew its holdings in Enbridge by 0.6% during the 2nd quarter. Bank & Trust Co now owns 33,276 shares of the pipeline company's stock worth $1,804,000 after acquiring an additional 193 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in Enbridge by 0.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 31,543 shares of the pipeline company's stock worth $1,710,000 after acquiring an additional 194 shares in the last quarter. PFG Investments LLC increased its position in shares of Enbridge by 0.9% in the 1st quarter. PFG Investments LLC now owns 22,208 shares of the pipeline company's stock valued at $1,202,000 after purchasing an additional 202 shares during the last quarter. Finally, MIdWestOne Financial Group Inc. increased its position in shares of Enbridge by 4.3% in the 4th quarter. MIdWestOne Financial Group Inc. now owns 4,906 shares of the pipeline company's stock valued at $235,000 after purchasing an additional 203 shares during the last quarter. Institutional investors own 54.60% of the company's stock.

Enbridge Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 7.5%. Enbridge's dividend payout ratio is 152.41%.

Enbridge Company Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.

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