Atb Cap Markets Cuts Earnings Estimates for Enbridge

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Research analysts at Atb Cap Markets lowered their FY2025 earnings estimates for shares of Enbridge in a report released on Thursday, December 12th. Atb Cap Markets analyst N. Heywood now anticipates that the pipeline company will post earnings per share of $2.17 for the year, down from their previous forecast of $2.20. The consensus estimate for Enbridge’s current full-year earnings is $2.03 per share. Atb Cap Markets also issued estimates for Enbridge’s FY2026 earnings at $2.28 EPS.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.15. The company had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. During the same period in the previous year, the firm posted $0.46 EPS.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company raised shares of Enbridge from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 6th. Morgan Stanley initiated coverage on shares of Enbridge in a report on Friday, October 25th. They set an “equal weight” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $63.00 target price (up from $59.00) on shares of Enbridge in a research report on Wednesday, December 4th. Finally, Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Monday, September 30th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Enbridge presently has an average rating of “Hold” and a consensus target price of $63.00.

Enbridge Trading Down 0.8 %

Shares of Enbridge stock opened at $41.57 on Monday. The firm has a market capitalization of $90.53 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 4.18 and a beta of 0.94. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. The firm’s 50 day moving average is $42.03 and its 200 day moving average is $39.38. Enbridge has a 1 year low of $32.85 and a 1 year high of $44.13.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ENB. William B. Walkup & Associates Inc. acquired a new position in shares of Enbridge during the 2nd quarter valued at $28,000. McIlrath & Eck LLC lifted its position in shares of Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 295 shares during the period. Grove Bank & Trust increased its stake in Enbridge by 56.7% during the 3rd quarter. Grove Bank & Trust now owns 771 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 279 shares in the last quarter. MFA Wealth Advisors LLC increased its stake in Enbridge by 55.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 280 shares in the last quarter. Finally, Fortitude Family Office LLC bought a new stake in Enbridge during the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be given a $0.67 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.45%. Enbridge’s dividend payout ratio (DPR) is currently 124.07%.

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.