Enbridge FY2024 EPS Raised by National Bank Financial

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – National Bank Financial upped their FY2024 earnings estimates for shares of Enbridge in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $2.82 per share for the year, up from their prior forecast 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.

ENB has been the subject of a number of other research reports. Scotiabank boosted their target price on Enbridge from C$57.00 to C$61.00 in a report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price objective on shares of Enbridge from C$66.00 to C$69.00 in a research note on Thursday, December 5th. Raymond James raised their target price on shares of Enbridge from C$59.00 to C$63.00 in a research note on Tuesday, November 26th. BMO Capital Markets lifted their target price on shares of Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Finally, 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. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$61.33.

Enbridge Trading Down 0.5 %

Shares of ENB opened at C$62.99 on Thursday. The stock’s fifty day simple moving average is C$60.00 and its 200 day simple moving average is C$55.44. Enbridge has a twelve month low of C$45.05 and a twelve month high of C$63.40. 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 firm has a market capitalization of C$137.32 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90.

Insider Activity

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

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be given a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.99%. This is a positive change from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio is presently 140.77%.

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.