Q4 Earnings Forecast for Enbridge Issued By Atb Cap Markets

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Atb Cap Markets issued their Q4 2024 EPS estimates for Enbridge in a research note issued on Sunday, November 3rd. Atb Cap Markets analyst N. Heywood forecasts that the pipeline company will post earnings per share of $0.51 for the quarter. The consensus estimate for Enbridge’s current full-year earnings is $2.07 per share. Atb Cap Markets also issued estimates for Enbridge’s Q1 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.59 EPS, FY2025 earnings at $2.20 EPS and FY2026 earnings at $2.35 EPS.

A number of other brokerages also recently issued reports on ENB. Morgan Stanley assumed coverage on Enbridge in a research report on Friday, October 25th. They set an “equal weight” rating on the stock. Jefferies Financial Group lowered Enbridge from a “buy” rating to a “hold” rating in a research note on Monday, September 30th. Finally, Wells Fargo & Company upgraded shares of Enbridge from an “underweight” rating to an “equal weight” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $55.00.

Enbridge Stock Up 0.5 %

Shares of NYSE:ENB opened at $41.05 on Wednesday. The company has a market cap of $89.39 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 3.91 and a beta of 0.93. Enbridge has a 12 month low of $32.76 and a 12 month high of $42.16. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.34. The company has a 50-day moving average price of $40.78 and a 200 day moving average price of $38.09.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.40 by $0.15. Enbridge had a net margin of 13.54% and a return on equity of 9.99%. The business had revenue of $10.91 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the business earned $0.46 earnings per share.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a dividend of $0.676 per share. The ex-dividend date is Friday, November 15th. This represents a $2.70 dividend on an annualized basis and a yield of 6.59%. This is an increase from Enbridge’s previous quarterly dividend of $0.67. Enbridge’s dividend payout ratio (DPR) is presently 122.22%.

Hedge Funds Weigh In On Enbridge

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norden Group LLC acquired a new stake in shares of Enbridge during the first quarter worth about $360,000. BNP Paribas Financial Markets raised its holdings in Enbridge by 19.4% in the 1st quarter. BNP Paribas Financial Markets now owns 6,991 shares of the pipeline company’s stock valued at $253,000 after acquiring an additional 1,136 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Enbridge by 6.3% in the 1st quarter. Whittier Trust Co. now owns 12,253 shares of the pipeline company’s stock worth $443,000 after acquiring an additional 723 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in Enbridge during the first quarter worth about $3,016,000. Finally, Signaturefd LLC increased its holdings in shares of Enbridge by 15.9% during the 1st quarter. Signaturefd LLC now owns 38,711 shares of the pipeline company’s stock worth $1,401,000 after buying an additional 5,315 shares during the last quarter. 54.60% of the stock is owned by hedge funds and other institutional investors.

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.