National Bank Financial Comments on Enbridge FY2025 Earnings

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Analysts at National Bank Financial upped their FY2025 earnings estimates for shares of Enbridge in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $3.10 per share for the year, up from their previous forecast of $3.00. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. National Bank Financial also issued estimates for Enbridge’s FY2028 earnings at $3.43 EPS.

ENB has been the subject of a number of other research reports. Morgan Stanley set a C$64.00 price objective on Enbridge and gave the stock an “equal weight” rating in a research report on Friday, October 25th. CIBC raised their price target on Enbridge from C$63.00 to C$66.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank of Canada upped their price objective on shares of Enbridge from C$59.00 to C$63.00 in a report on Wednesday, December 4th. BMO Capital Markets lifted their target price on shares of Enbridge from C$59.00 to C$60.00 in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Enbridge from C$66.00 to C$69.00 in a research note on Thursday, December 5th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Enbridge has an average rating of “Hold” and an average target price of C$61.33.

Enbridge Price Performance

Shares of ENB opened at C$62.99 on Wednesday. The company has a 50 day moving average of C$60.00 and a two-hundred day moving average of C$55.44. The company has a market cap of C$137.32 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. 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 twelve month low of C$45.05 and a twelve month high of C$63.40.

Insider Buying and Selling at Enbridge

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total value of C$66,293.64. 0.10% of the stock is owned by corporate insiders.

Enbridge Increases Dividend

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

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.