Enbridge FY2025 EPS Lifted by National Bank Financial

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – National Bank Financial increased their FY2025 EPS estimates for Enbridge in a research note issued to investors on Sunday, November 3rd. National Bank Financial analyst P. Kenny now expects that the pipeline company will post earnings of $2.13 per share for the year, up from their previous forecast of $1.95. The consensus estimate for Enbridge’s current full-year earnings is $2.06 per share.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. The business had revenue of $10.91 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm earned $0.46 EPS.

Other research analysts have also issued research reports about the company. Wells Fargo & Company upgraded Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday. Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, Morgan Stanley assumed coverage on shares of Enbridge in a research report on Friday, October 25th. They issued an “equal weight” rating on the stock.

Enbridge Stock Up 1.2 %

NYSE:ENB opened at $41.54 on Wednesday. The firm has a market capitalization of $90.45 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 3.97 and a beta of 0.93. Enbridge has a 52 week low of $32.76 and a 52 week high of $42.16. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 1.41. The stock has a 50 day moving average of $40.82 and a 200-day moving average of $38.12.

Institutional Trading of Enbridge

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Richardson Financial Services Inc. boosted its holdings in shares of Enbridge by 28.4% in the third quarter. Richardson Financial Services Inc. now owns 1,112 shares of the pipeline company’s stock valued at $45,000 after acquiring an additional 246 shares in the last quarter. First PREMIER Bank boosted its stake in Enbridge by 1.7% during the 3rd quarter. First PREMIER Bank now owns 15,534 shares of the pipeline company’s stock valued at $631,000 after purchasing an additional 257 shares in the last quarter. Keudell Morrison Wealth Management boosted its stake in Enbridge by 1.4% during the 3rd quarter. Keudell Morrison Wealth Management now owns 20,242 shares of the pipeline company’s stock valued at $822,000 after purchasing an additional 277 shares in the last quarter. Grove Bank & Trust increased its position in shares of Enbridge by 56.7% during the 3rd quarter. Grove Bank & Trust now owns 771 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 279 shares during the period. Finally, MFA Wealth Advisors LLC raised its stake in shares of Enbridge by 55.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock worth $32,000 after buying an additional 280 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be paid a dividend of $0.676 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.67. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date of this dividend is Friday, November 15th. Enbridge’s payout ratio is currently 122.22%.

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.