National Bank Financial Cuts Earnings Estimates for Enbridge

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – National Bank Financial lowered their FY2025 EPS estimates for shares of Enbridge in a note issued to investors on Monday, February 17th. National Bank Financial analyst P. Kenny now expects that the company will post earnings of $3.05 per share for the year, down from their prior forecast of $3.10. 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 $3.18 EPS.

ENB has been the subject of a number of other research reports. Royal Bank of Canada boosted their target price on Enbridge from C$63.00 to C$67.00 in a research report on Tuesday. Barclays boosted their target price on Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. Morgan Stanley set a C$64.00 target price on Enbridge and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their target price on Enbridge from C$57.00 to C$60.00 in a research report on Thursday, December 5th. Finally, Jefferies Financial Group boosted their target price on Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$63.23.

Enbridge Stock Performance

Shares of Enbridge stock opened at C$60.21 on Thursday. The stock has a market cap of C$130.49 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.72 and a beta of 0.90. The firm’s 50-day moving average is C$62.20 and its 200 day moving average is C$58.33. Enbridge has a 1 year low of C$45.39 and a 1 year high of C$65.62. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st will be given a dividend of $0.9425 per share. The ex-dividend date is Friday, February 14th. This represents a $3.77 annualized dividend and a dividend yield of 6.26%. This is a positive change from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio is presently 118.98%.

Insider Activity

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

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.