National Bank Financial Forecasts Enbridge FY2025 Earnings

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Investment analysts at National Bank Financial upped their FY2025 EPS estimates for Enbridge in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $3.10 for the year, up from their prior 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 topic of a number of other research reports. BMO Capital Markets boosted their target price on shares of Enbridge from C$59.00 to C$60.00 in a research report on Wednesday, December 4th. Barclays raised their target price on Enbridge from C$59.00 to C$64.00 in a research note on Monday. Raymond James upped their price target on Enbridge from C$59.00 to C$63.00 in a research note on Tuesday, November 26th. Scotiabank increased their target price on Enbridge from C$57.00 to C$61.00 in a report on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their price target on shares of Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Enbridge presently has a consensus rating of “Hold” and an average target price of C$61.08.

Enbridge Trading Up 1.0 %

TSE ENB opened at C$63.30 on Wednesday. The stock has a market capitalization of C$137.99 billion, a P/E ratio of 24.35, a P/E/G ratio of 1.72 and a beta of 0.90. Enbridge has a one year low of C$45.05 and a one year high of C$63.40. The business has a 50 day simple moving average of C$59.87 and a 200 day simple moving average of C$55.33. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be issued a $0.9425 dividend. This is a boost from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.96%. Enbridge’s dividend payout ratio is presently 140.77%.

Insider Activity at Enbridge

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction 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. 0.10% of the stock is currently owned by 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.