What is Scotiabank’s Forecast for Enbridge FY2026 Earnings?

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Research analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for Enbridge in a report issued on Thursday, September 17th. Scotiabank analyst R. Hope forecasts that the pipeline company will post earnings of $2.11 per share for the year. Scotiabank has a “Strong-Buy” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.12 per share. Scotiabank also issued estimates for Enbridge’s FY2027 earnings at $2.34 EPS.

Several other equities research analysts have also recently issued reports on ENB. Canadian Imperial Bank of Commerce upgraded Enbridge from a “neutral” rating to a “sector outperform” rating in a report on Thursday, August 27th. TD Securities started coverage on shares of Enbridge in a report on Monday, September 14th. They set a “buy” rating for the company. Wolfe Research set a $50.00 price target on shares of Enbridge in a research note on Tuesday, August 4th. Raymond James Financial reaffirmed a “market perform” rating on shares of Enbridge in a research note on Tuesday, September 15th. Finally, Royal Bank Of Canada boosted their target price on Enbridge from $79.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Enbridge has an average rating of “Moderate Buy” and an average price target of $71.17.

Enbridge Stock Down 1.0%

Shares of ENB opened at $48.22 on Monday. The stock’s 50 day moving average is $51.89 and its two-hundred day moving average is $53.68. Enbridge has a 12 month low of $45.03 and a 12 month high of $58.45. The firm has a market cap of $107.47 billion, a P/E ratio of 25.79, a PEG ratio of 5.75 and a beta of 0.57. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.69.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. The firm had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $8.67 billion. During the same period in the previous year, the business posted $0.65 EPS.

Institutional Investors Weigh In On Enbridge

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Altus USA Inc. raised its position in Enbridge by 10.2% in the second quarter. Wellington Altus USA Inc. now owns 14,768 shares of the pipeline company’s stock valued at $848,000 after purchasing an additional 1,367 shares during the period. Smith Chas P & Associates PA Cpas boosted its position in shares of Enbridge by 11.2% during the second quarter. Smith Chas P & Associates PA Cpas now owns 5,289 shares of the pipeline company’s stock worth $287,000 after buying an additional 532 shares during the period. Core Capital Management & Research inc. acquired a new stake in shares of Enbridge in the second quarter valued at $66,000. The Manufacturers Life Insurance Company grew its stake in shares of Enbridge by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,079,469 shares of the pipeline company’s stock valued at $599,709,000 after buying an additional 268,800 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Enbridge by 25.0% in the 2nd quarter. Tidal Investments LLC now owns 37,463 shares of the pipeline company’s stock valued at $2,031,000 after buying an additional 7,489 shares during the period. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend was Friday, August 14th. Enbridge’s dividend payout ratio (DPR) is presently 147.06%.

Enbridge Company Profile

Enbridge Inc is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Founded in 1949 as Interprovincial Pipe Line, the company has grown into one of North America’s largest energy delivery businesses, operating primarily in Canada and the United States.

Enbridge’s operations include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas distribution and utility services. Its pipeline systems transport energy products from producing regions to refineries, export facilities, utilities and other customers.