Q4 Earnings Estimate for Enbridge Issued By Atb Cap Markets

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Stock analysts at Atb Cap Markets issued their Q4 2024 EPS estimates for Enbridge in a research report issued to clients and investors on Sunday, November 3rd. Atb Cap Markets analyst N. Heywood anticipates that the company will earn $0.71 per share for the quarter. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. Atb Cap Markets also issued estimates for Enbridge’s Q1 2025 earnings at $0.93 EPS, Q4 2025 earnings at $0.82 EPS, FY2025 earnings at $3.06 EPS and FY2026 earnings at $3.27 EPS.

ENB has been the subject of several other reports. JPMorgan Chase & Co. raised their price objective on Enbridge from C$57.00 to C$60.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Wells Fargo & Company upgraded Enbridge from a “strong sell” rating to a “hold” rating in a research report on Wednesday. CIBC boosted their price objective on shares of Enbridge from C$59.00 to C$67.00 in a research report on Monday. National Bankshares raised their target price on shares of Enbridge from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Finally, Raymond James upped their price target on shares of Enbridge from C$54.00 to C$59.00 in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Enbridge has a consensus rating of “Hold” and an average target price of C$56.92.

Enbridge Stock Performance

TSE:ENB opened at C$58.81 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26. Enbridge has a fifty-two week low of C$45.05 and a fifty-two week high of C$58.99. The firm’s fifty day simple moving average is C$55.70 and its 200-day simple moving average is C$52.08. The stock has a market cap of C$128.21 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90.

Enbridge Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be paid a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend is Friday, November 15th. Enbridge’s dividend payout ratio is presently 140.77%.

Insider Transactions at Enbridge

In other Enbridge news, Director Steven Walter Williams purchased 18,600 shares of the stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of C$53.74 per share, for a total transaction of C$999,564.00. In related news, Director Steven Walter Williams purchased 18,600 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of C$53.74 per share, for a total transaction of C$999,564.00. Also, Senior Officer Maximilian Chan sold 688 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$55.20, for a total value of C$37,977.60. 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.