FY2025 Earnings Estimate for Enbridge Issued By Scotiabank

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Scotiabank cut their FY2025 earnings per share (EPS) estimates for shares of Enbridge in a report issued on Wednesday, January 8th. Scotiabank analyst R. Hope now forecasts that the pipeline company will post earnings of $2.14 per share for the year, down from their prior estimate of $2.30. The consensus estimate for Enbridge’s current full-year earnings is $2.03 per share.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.40 by $0.15. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. The business had revenue of $10.91 billion for the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the prior year, the business posted $0.46 earnings per share.

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

Enbridge Trading Down 1.0 %

NYSE:ENB opened at $43.57 on Monday. Enbridge has a 52 week low of $32.85 and a 52 week high of $44.13. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62. The firm’s fifty day moving average is $42.51 and its 200-day moving average is $40.30. The firm has a market cap of $94.91 billion, a P/E ratio of 20.17, a P/E/G ratio of 4.14 and a beta of 0.93.

Enbridge Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, February 15th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date is Friday, February 14th. Enbridge’s payout ratio is 124.07%.

Hedge Funds Weigh In On Enbridge

A number of large investors have recently modified their holdings of ENB. McIlrath & Eck LLC increased its holdings in Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Grove Bank & Trust boosted its position in shares of Enbridge by 56.7% during the third 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 last quarter. MFA Wealth Advisors LLC raised its position 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 last quarter. William B. Walkup & Associates Inc. bought a new position in Enbridge during the 2nd quarter valued at $28,000. Finally, Fortitude Family Office LLC purchased a new position in Enbridge during the 3rd quarter worth $35,000. 54.60% of the stock is currently owned by institutional investors.

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.