Atb Cap Markets Has Positive Outlook of Enbridge Q1 Earnings

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Analysts at Atb Cap Markets boosted their Q1 2025 EPS estimates for shares of Enbridge in a research report issued to clients and investors on Monday, February 17th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $1.00 per share for the quarter, up from their previous forecast of $0.93. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

A number of other research analysts have also recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Enbridge from C$63.00 to C$67.00 in a research note on Tuesday. BMO Capital Markets raised their price target on Enbridge from C$59.00 to C$60.00 in a research report on Wednesday, December 4th. CIBC boosted their price target on Enbridge from C$63.00 to C$66.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. TD Securities increased their price objective on Enbridge from C$66.00 to C$67.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Barclays upped their price objective on shares of Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. Seven equities research 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, Enbridge presently has a consensus rating of “Hold” and a consensus target price of C$63.23.

Enbridge Stock Performance

TSE:ENB opened at C$59.46 on Thursday. Enbridge has a twelve month low of C$45.39 and a twelve month high of C$65.62. The company has a market capitalization of C$128.86 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. The firm has a 50-day moving average price of C$62.19 and a two-hundred day moving average price of C$58.38.

Insider Buying and Selling at Enbridge

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge 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 transaction of C$66,293.64. 0.10% of the stock is owned by company insiders.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, March 1st will be issued a $0.9425 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.77 dividend on an annualized basis and a yield of 6.34%. This is a boost from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio (DPR) is presently 118.98%.

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.