Q4 EPS Estimates for Enbridge Boosted by US Capital Advisors

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Equities researchers at US Capital Advisors lifted their Q4 2024 EPS estimates for Enbridge in a note issued to investors on Monday, October 28th. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings per share of $0.79 for the quarter, up from their previous estimate of $0.75. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. US Capital Advisors also issued estimates for Enbridge’s FY2025 earnings at $2.79 EPS and FY2026 earnings at $2.81 EPS.

A number of other brokerages have also recently weighed in on ENB. JPMorgan Chase & Co. boosted their price target on Enbridge from C$57.00 to C$60.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. CIBC boosted their target price on Enbridge from C$57.00 to C$59.00 in a report on Monday, July 15th. Morgan Stanley set a C$64.00 price target on Enbridge and gave the company an “equal weight” rating in a report on Friday, October 25th. Jefferies Financial Group cut shares of Enbridge from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$55.00 to C$58.00 in a research note on Monday, September 30th. Finally, BMO Capital Markets raised their target price on shares of Enbridge from C$54.00 to C$56.00 in a research note on Thursday, September 5th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$56.31.

Enbridge Trading Down 0.4 %

Shares of TSE:ENB opened at C$56.24 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.44 and a debt-to-equity ratio of 131.26. The stock has a market capitalization of C$122.60 billion, a PE ratio of 21.63, a P/E/G ratio of 1.72 and a beta of 0.90. Enbridge has a 1 year low of C$43.94 and a 1 year high of C$58.28. The firm has a fifty day moving average price of C$55.41 and a 200 day moving average price of C$51.78.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings results on Friday, August 2nd. The company reported C$0.58 EPS for the quarter, missing the consensus estimate of C$0.62 by C($0.04). Enbridge had a return on equity of 8.57% and a net margin of 13.54%. The business had revenue of C$11.34 billion for the quarter, compared to analyst estimates of C$5.86 billion.

Enbridge Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be issued a dividend of $0.915 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.66 annualized dividend and a dividend yield of 6.51%. Enbridge’s payout ratio is 140.77%.

Insider Transactions at Enbridge

In other Enbridge news, Senior Officer Maximilian Chan sold 688 shares of the company’s stock in a transaction that occurred 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. In other Enbridge news, Senior Officer Maximilian Chan sold 688 shares of Enbridge stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total transaction of C$37,977.60. Also, Director Steven Walter Williams purchased 18,600 shares of the stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of C$53.74 per share, for a total transaction of C$999,564.00. Insiders own 0.10% of the company’s stock.

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.