Atb Cap Markets Has Strong Forecast for Enbridge Q1 Earnings

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Analysts at Atb Cap Markets boosted their Q1 2025 earnings estimates for Enbridge in a report issued on Monday, February 17th. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will earn $0.70 per share for the quarter, up from their prior forecast of $0.67. The consensus estimate for Enbridge’s current full-year earnings is $2.12 per share. Atb Cap Markets also issued estimates for Enbridge’s FY2025 earnings at $2.10 EPS.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. The business had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.15%. During the same period in the prior year, the company earned $0.64 earnings per share.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company upgraded shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 6th. Morgan Stanley initiated coverage on shares of Enbridge in a report on Friday, October 25th. They issued an “equal weight” rating for the company. TD Securities initiated coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada raised their target price on shares of Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $67.00.

Enbridge Stock Performance

ENB opened at $41.95 on Thursday. The stock has a market capitalization of $91.40 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 4.03 and a beta of 0.94. The company has a fifty day moving average of $43.35 and a 200 day moving average of $41.84. Enbridge has a fifty-two week low of $32.85 and a fifty-two week high of $45.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62.

Enbridge Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, February 15th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 6.39%. The ex-dividend date is Friday, February 14th. Enbridge’s dividend payout ratio is currently 155.81%.

Institutional Investors Weigh In On Enbridge

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Enbridge during the fourth quarter worth $909,415,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Enbridge by 396.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 12,047,004 shares of the pipeline company’s stock worth $510,816,000 after buying an additional 9,621,425 shares in the last quarter. Blackstone Inc. grew its holdings in shares of Enbridge by 650.7% during the fourth quarter. Blackstone Inc. now owns 5,718,089 shares of the pipeline company’s stock worth $242,619,000 after buying an additional 4,956,379 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Enbridge by 1,514.7% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,799,345 shares of the pipeline company’s stock worth $194,938,000 after buying an additional 4,502,115 shares in the last quarter. Finally, Pathway Financial Advisers LLC grew its holdings in shares of Enbridge by 4,120.0% during the third quarter. Pathway Financial Advisers LLC now owns 4,571,669 shares of the pipeline company’s stock worth $185,655,000 after buying an additional 4,463,335 shares in the last quarter. Hedge funds and other institutional investors own 54.60% 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.