Atb Cap Markets Cuts Earnings Estimates for Enbridge

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Equities research analysts at Atb Cap Markets decreased their FY2025 EPS estimates for Enbridge in a research report issued on Thursday, December 12th. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will earn $2.17 per share for the year, down from their prior estimate of $2.20. The consensus estimate for Enbridge’s current full-year earnings is $2.03 per share. Atb Cap Markets also issued estimates for Enbridge’s FY2026 earnings at $2.28 EPS.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the business earned $0.46 earnings per share.

Several other equities analysts have also weighed in on ENB. Wells Fargo & Company upgraded shares of Enbridge from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $63.00 target price (up previously from $59.00) on shares of Enbridge in a research note on Wednesday, December 4th. Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Monday, September 30th. Finally, Morgan Stanley assumed coverage on shares of Enbridge in a research note on Friday, October 25th. They issued an “equal weight” rating for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $63.00.

Enbridge Trading Down 0.8 %

Shares of NYSE ENB opened at $41.57 on Monday. The company’s 50 day simple moving average is $42.03 and its 200 day simple moving average is $39.38. Enbridge has a fifty-two week low of $32.85 and a fifty-two week high of $44.13. The firm has a market capitalization of $90.53 billion, a P/E ratio of 19.24, a P/E/G ratio of 4.18 and a beta of 0.94. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.62 and a quick ratio of 0.54.

Enbridge Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date is Friday, February 14th. Enbridge’s dividend payout ratio is currently 124.07%.

Institutional Trading of Enbridge

A number of large investors have recently added to or reduced their stakes in ENB. William B. Walkup & Associates Inc. acquired a new stake in Enbridge in the 2nd quarter worth about $28,000. McIlrath & Eck LLC increased its holdings in Enbridge by 74.9% in the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock valued at $28,000 after buying an additional 295 shares during the period. Grove Bank & Trust increased its holdings in Enbridge by 56.7% in the 3rd quarter. Grove Bank & Trust now owns 771 shares of the pipeline company’s stock valued at $31,000 after buying an additional 279 shares during the period. MFA Wealth Advisors LLC increased its holdings in Enbridge by 55.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock valued at $32,000 after buying an additional 280 shares during the period. Finally, Fortitude Family Office LLC bought a new position in Enbridge in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 54.60% 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.