FY2024 EPS Estimates for Enbridge Increased by Analyst

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Stock analysts at National Bank Financial lifted their FY2024 earnings per share estimates for shares of Enbridge in a research report issued to clients and investors on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $2.82 for the year, up from their previous estimate of $2.80. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. National Bank Financial also issued estimates for Enbridge’s FY2026 earnings at $3.27 EPS and FY2027 earnings at $3.36 EPS.

Other analysts have also recently issued research reports about the stock. Raymond James raised their price objective on shares of Enbridge from C$59.00 to C$63.00 in a report on Tuesday, November 26th. Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$55.00 to C$58.00 in a research note on Monday, September 30th. CIBC upped their price objective on shares of Enbridge from C$61.00 to C$63.00 in a research note on Wednesday, December 4th. Barclays lifted their target price on Enbridge from C$59.00 to C$64.00 in a research report on Monday. Finally, Royal Bank of Canada upped their target price on Enbridge from C$59.00 to C$63.00 in a research report on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$61.08.

Enbridge Trading Up 1.0 %

ENB opened at C$63.30 on Thursday. The business’s 50-day simple moving average is C$59.87 and its 200-day simple moving average is C$55.33. The company has a market cap of C$137.99 billion, a P/E ratio of 24.35, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a one year low of C$45.05 and a one year high of C$63.40. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be given a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a yield of 5.96%. This is an increase from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio is presently 140.77%.

Insider Activity

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total value of C$66,293.64. Insiders own 0.10% of the company’s stock.

Enbridge Company Profile

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.