National Bank Financial Weighs in on Enbridge Q4 Earnings

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for shares of Enbridge in a report issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny forecasts that the company will post earnings of $0.76 per share for the quarter. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

Enbridge (TSE:ENB) (NYSE:ENB) last released its quarterly earnings results on Friday, November 1st. The company reported C$0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.56 by C($0.01). Enbridge had a return on equity of 8.57% and a net margin of 13.54%. During the same quarter in the prior year, the business posted $0.62 EPS.

A number of other analysts have also recently commented on ENB. Scotiabank upped their price target on shares of Enbridge from C$57.00 to C$61.00 in a research report on Wednesday, December 4th. Jefferies Financial Group upped their target price on Enbridge from C$59.00 to C$65.00 in a research report on Thursday. BMO Capital Markets raised their target price on Enbridge from C$59.00 to C$60.00 in a research note on Wednesday, December 4th. Morgan Stanley set a C$64.00 price target on Enbridge and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, TD Securities set a C$66.00 price objective on shares of Enbridge and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Enbridge has an average rating of “Hold” and an average target price of C$62.23.

Enbridge Trading Up 0.9 %

TSE:ENB opened at C$64.43 on Thursday. Enbridge has a 52 week low of C$45.05 and a 52 week high of C$65.62. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. The firm’s fifty day moving average is C$61.50 and its 200-day moving average is C$56.96. The firm has a market cap of C$140.46 billion, a P/E ratio of 24.78, a P/E/G ratio of 1.72 and a beta of 0.90.

Enbridge Increases Dividend

The firm 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 dividend of $0.9425 per share. 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 5.85%. Enbridge’s dividend payout ratio (DPR) is currently 140.77%.

Insider Transactions at Enbridge

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total transaction 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.