Enbridge FY2025 EPS Increased by National Bank Financial

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – National Bank Financial boosted their FY2025 earnings estimates for shares of Enbridge in a research report issued on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $3.10 for the year, up from their previous forecast of $3.00. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. National Bank Financial also issued estimates for Enbridge’s FY2028 earnings at $3.43 EPS.

A number of other analysts have also recently commented on ENB. JPMorgan Chase & Co. boosted their price target on Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th. CIBC increased their target price on Enbridge from C$61.00 to C$63.00 in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their price target on Enbridge from C$57.00 to C$60.00 in a research report on Thursday, December 5th. Royal Bank of Canada raised their price objective on shares of Enbridge from C$59.00 to C$63.00 in a research note on Wednesday, December 4th. Finally, Barclays lifted their target price on Enbridge from C$59.00 to C$64.00 in a report on Monday. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$61.08.

Enbridge Price Performance

Shares of ENB opened at C$62.70 on Wednesday. Enbridge has a fifty-two week low of C$45.05 and a fifty-two week high of C$62.82. The firm’s 50-day simple moving average is C$59.73 and its two-hundred day simple moving average is C$55.23. The stock has a market cap of C$136.69 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76.

Insider Activity

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the company’s 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. Insiders own 0.10% of the company’s stock.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be given a dividend of $0.9425 per share. This represents a $3.77 annualized dividend and a dividend yield of 6.01%. This is a positive change from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio is presently 140.77%.

Enbridge Company Profile

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.