Q4 EPS Estimates for Enbridge Boosted by US Capital Advisors

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Research analysts at US Capital Advisors lifted their Q4 2024 EPS estimates for Enbridge in a research report issued to clients and investors on Monday, February 3rd. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings per share of $0.76 for the quarter, up from their previous estimate of $0.75. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. US Capital Advisors also issued estimates for Enbridge’s Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $3.06 EPS and FY2026 earnings at $3.01 EPS.

ENB has been the subject of several other reports. Royal Bank of Canada increased their price target on Enbridge from C$59.00 to C$63.00 in a report on Wednesday, December 4th. Wells Fargo & Company increased their target price on Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Raymond James lifted their price target on shares of Enbridge from C$59.00 to C$63.00 in a research note on Tuesday, November 26th. Morgan Stanley set a C$64.00 price target on shares of Enbridge and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group raised their price objective on shares of Enbridge from C$59.00 to C$65.00 in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Enbridge has an average rating of “Hold” and an average price target of C$62.23.

Enbridge Stock Performance

Shares of Enbridge stock opened at C$63.41 on Thursday. The stock’s fifty day simple moving average is C$61.78 and its 200 day simple moving average is C$57.45. The company has a current ratio of 0.76, a quick ratio of 0.44 and a debt-to-equity ratio of 131.26. The company has a market capitalization of C$138.23 billion, a PE ratio of 24.39, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a 12 month low of C$45.05 and a 12 month high of C$65.62.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, March 1st will be given a dividend of $0.9425 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 5.95%. Enbridge’s dividend payout ratio is 140.77%.

Insider Buying and Selling at Enbridge

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total value of C$66,293.64. Corporate insiders own 0.10% 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.