US Capital Advisors Analysts Raise Earnings Estimates for Enbridge Inc. (NYSE:ENB)

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Investment analysts at US Capital Advisors boosted their Q2 2024 earnings per share (EPS) estimates for shares of Enbridge in a research note issued on Wednesday, March 20th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $0.47 per share for the quarter, up from their previous estimate of $0.46. The consensus estimate for Enbridge’s current full-year earnings is $2.11 per share. US Capital Advisors also issued estimates for Enbridge’s Q4 2024 earnings at $0.67 EPS, FY2024 earnings at $2.26 EPS, Q1 2025 earnings at $0.70 EPS, Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.64 EPS and FY2026 earnings at $2.41 EPS.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a net margin of 13.97% and a return on equity of 10.23%. The business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $9.62 billion.

Several other research firms have also issued reports on ENB. Stifel Nicolaus assumed coverage on Enbridge in a report on Thursday, January 18th. They set a “hold” rating on the stock. Jefferies Financial Group began coverage on Enbridge in a research report on Tuesday, February 27th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Enbridge has an average rating of “Hold” and a consensus target price of $55.20.

Enbridge Trading Down 1.0 %

Shares of Enbridge stock opened at $35.44 on Thursday. Enbridge has a 12-month low of $31.03 and a 12-month high of $40.30. The stock has a market cap of $75.33 billion, a P/E ratio of 16.88, a P/E/G ratio of 3.41 and a beta of 0.83. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. The business’s 50 day moving average is $35.26 and its 200-day moving average is $34.53.

Institutional Investors Weigh In On Enbridge

Several institutional investors and hedge funds have recently bought and sold shares of ENB. Quilter Plc purchased a new position in Enbridge during the first quarter valued at $293,879,000. Coppell Advisory Solutions Corp. bought a new stake in Enbridge during the fourth quarter valued at about $25,000. Industrial Alliance Investment Management Inc. bought a new stake in Enbridge during the fourth quarter valued at about $25,000. Coppell Advisory Solutions LLC bought a new stake in Enbridge during the second quarter valued at about $26,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Enbridge during the first quarter valued at about $27,000. Hedge funds and other institutional investors own 48.29% 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.