FY2024 EPS Estimates for Enbridge Inc. Raised by National Bank Financial (TSE:ENB)

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Equities research analysts at National Bank Financial upped their FY2024 earnings per share estimates for Enbridge in a research note issued on Sunday, May 12th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $2.92 for the year, up from their previous forecast of $2.78. The consensus estimate for Enbridge's current full-year earnings is $2.81 per share. National Bank Financial also issued estimates for Enbridge's FY2025 earnings at $2.79 EPS.

A number of other equities analysts have also commented on the company. National Bankshares lifted their price objective on Enbridge from C$52.00 to C$53.00 and gave the stock a "sector perform" rating in a research note on Monday. Jefferies Financial Group lifted their price objective on Enbridge from C$53.00 to C$55.00 in a research note on Monday. BMO Capital Markets lifted their price objective on Enbridge from C$52.00 to C$54.00 and gave the stock a "market perform" rating in a research note on Monday. Scotiabank lifted their price objective on Enbridge from C$50.00 to C$54.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Barclays dropped their price objective on Enbridge from C$53.00 to C$51.00 in a research note on Thursday, March 7th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$53.50.

Enbridge Stock Performance

Shares of Enbridge stock traded down C$0.17 during trading on Wednesday, reaching C$50.33. The company's stock had a trading volume of 14,357,811 shares, compared to its average volume of 7,998,065. The company has a debt-to-equity ratio of 127.95, a quick ratio of 0.44 and a current ratio of 0.83. The business's fifty day moving average price is C$48.63 and its 200-day moving average price is C$47.71. The firm has a market cap of C$107.20 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 0.75 and a beta of 0.89. Enbridge has a one year low of C$42.75 and a one year high of C$52.34.

Enbridge Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Enbridge's payout ratio is 128.87%.

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.