Analysts Issue Forecasts for Enbridge FY2026 Earnings

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Equities researchers at National Bank Financial reduced their FY2026 EPS estimates for Enbridge in a research report issued on Tuesday, March 4th. National Bank Financial analyst P. Kenny now forecasts that the pipeline company will post earnings of $2.22 per share for the year, down from their prior forecast of $2.23. The consensus estimate for Enbridge’s current full-year earnings is $2.14 per share.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. The business had revenue of $11.59 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same quarter in the previous year, the firm earned $0.64 earnings per share.

A number of other equities analysts have also recently commented on ENB. TD Securities started coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. Royal Bank of Canada increased their target price on shares of Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $67.00.

Enbridge Trading Down 2.0 %

ENB opened at $41.64 on Thursday. The firm has a market cap of $90.73 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 3.92 and a beta of 0.94. Enbridge has a 52 week low of $32.85 and a 52 week high of $45.78. The business’s 50 day moving average is $43.45 and its two-hundred day moving average is $42.06. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50.

Institutional Investors Weigh In On Enbridge

Hedge funds have recently modified their holdings of the stock. McIlrath & Eck LLC raised its position in Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after buying an additional 295 shares during the last quarter. Albion Financial Group UT purchased a new position in Enbridge during the fourth quarter worth about $29,000. Wintrust Investments LLC lifted its position in Enbridge by 47.8% in the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 238 shares during the period. GeoWealth Management LLC boosted its holdings in Enbridge by 436.4% in the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 611 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Enbridge during the 3rd quarter worth approximately $37,000. 54.60% of the stock is owned by institutional investors and hedge funds.

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.