FY2026 Earnings Forecast for Enbridge Issued By Scotiabank

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Investment analysts at Scotiabank decreased their FY2026 earnings per share estimates for shares of Enbridge in a research note issued to investors on Tuesday, July 7th. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings of $2.11 per share for the year, down from their previous estimate of $2.21. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.16 per share.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, May 8th. The pipeline company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. Enbridge had a return on equity of 11.21% and a net margin of 9.83%.The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $8.49 billion. During the same quarter last year, the business posted $1.03 earnings per share.

A number of other analysts also recently commented on ENB. Royal Bank Of Canada raised their target price on shares of Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Wall Street Zen lowered Enbridge from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enbridge in a research report on Friday, May 22nd. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Enbridge in a research note on Monday, May 11th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

Enbridge Stock Up 3.0%

NYSE ENB opened at $55.06 on Wednesday. The business has a fifty day moving average price of $55.37 and a 200 day moving average price of $52.52. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.73 and a current ratio of 0.81. The company has a market cap of $120.26 billion, a P/E ratio of 25.85 and a beta of 0.58. Enbridge has a one year low of $43.59 and a one year high of $58.45.

Enbridge Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a dividend of $0.97 per share. The ex-dividend date was Friday, May 15th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 7.0%. Enbridge’s dividend payout ratio (DPR) is currently 133.80%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC raised its stake in shares of Enbridge by 3.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,121,715 shares of the pipeline company’s stock valued at $53,652,000 after acquiring an additional 41,601 shares during the period. Viking Fund Management LLC boosted its position in shares of Enbridge by 35.2% during the 4th quarter. Viking Fund Management LLC now owns 236,000 shares of the pipeline company’s stock worth $11,288,000 after purchasing an additional 61,500 shares during the period. Third View Private Wealth LLC acquired a new stake in Enbridge in the 4th quarter valued at approximately $3,691,000. Swiss Life Asset Management Ltd increased its holdings in Enbridge by 19.2% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 276,434 shares of the pipeline company’s stock valued at $13,966,000 after purchasing an additional 44,524 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Enbridge by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 100,364,993 shares of the pipeline company’s stock valued at $4,802,766,000 after purchasing an additional 2,067,516 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

About Enbridge

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.