Q4 EPS Estimates for Enbridge Reduced by US Capital Advisors

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Equities research analysts at US Capital Advisors cut their Q4 2024 earnings per share (EPS) estimates for Enbridge in a report released on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings of $0.75 per share for the quarter, down from their prior forecast of $0.79. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. US Capital Advisors also issued estimates for Enbridge’s FY2025 earnings at $2.75 EPS and FY2026 earnings at $2.76 EPS.

ENB has been the topic of several other research reports. Raymond James increased their price objective on Enbridge from C$59.00 to C$63.00 in a research report on Tuesday. BMO Capital Markets raised their price target on shares of Enbridge from C$54.00 to C$56.00 in a research report on Thursday, September 5th. National Bankshares boosted their price objective on shares of Enbridge from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. raised their target price on shares of Enbridge from C$60.00 to C$66.00 in a report on Thursday, November 21st. Finally, Barclays boosted their price target on Enbridge from C$54.00 to C$59.00 in a research note on Monday, November 11th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$58.31.

Enbridge Stock Performance

Shares of ENB stock opened at C$60.24 on Thursday. Enbridge has a 52 week low of C$45.05 and a 52 week high of C$61.09. The company has a market capitalization of C$131.32 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.72 and a beta of 0.90. The company has a 50-day simple moving average of C$57.28 and a 200 day simple moving average of C$53.15. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76.

Enbridge Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be paid a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a dividend yield of 6.08%. The ex-dividend date is Friday, November 15th. Enbridge’s payout ratio is currently 140.77%.

Insider Transactions at Enbridge

In related news, Senior Officer Maximilian Chan sold 688 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$55.20, for a total value of C$37,977.60. 0.10% of the stock is owned by company insiders.

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.