Q4 Earnings Estimate for Enbridge Issued By Atb Cap Markets

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Equities researchers at Atb Cap Markets increased their Q4 2024 EPS estimates for Enbridge in a report issued on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.75 per share for the quarter, up from their prior estimate of $0.71. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

Several other analysts have also commented on the stock. Scotiabank raised their price objective on shares of Enbridge from C$57.00 to C$61.00 in a report on Wednesday, December 4th. Raymond James lifted their price target on Enbridge from C$59.00 to C$63.00 in a research report on Tuesday, November 26th. Barclays raised their price objective on Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. Wells Fargo & Company boosted their price objective on shares of Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Finally, Morgan Stanley set a C$64.00 target price on shares of Enbridge and gave the company an “equal weight” rating in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$62.23.

Enbridge Stock Performance

TSE:ENB opened at C$64.15 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26. The firm’s fifty day simple moving average is C$61.90 and its 200 day simple moving average is C$57.76. The stock has a market cap of C$139.85 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. Enbridge has a twelve month low of C$45.05 and a twelve month high of C$65.62.

Enbridge Increases Dividend

The firm 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 is a positive change from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.88%. Enbridge’s dividend payout ratio (DPR) is 140.77%.

Insider Buying and Selling

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction dated Monday, December 23rd. The stock was 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 company 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.