Enbridge Inc. (TSE:ENB – Free Report) (NYSE:ENB) – Scotiabank lowered their FY2026 earnings estimates for Enbridge in a research note issued on Thursday, October 22nd. Scotiabank analyst R. Hope now anticipates that the company will post earnings per share of $2.93 for the year, down from their prior forecast of $2.94. Scotiabank has a “Strong-Buy” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. Scotiabank also issued estimates for Enbridge’s FY2027 earnings at $3.18 EPS.
Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) last announced its quarterly earnings data on Friday, July 31st. The company reported C$0.63 earnings per share for the quarter. Enbridge had a return on equity of 10.01% and a net margin of 7.28%. The company had revenue of C$29.32 billion for the quarter.
A number of other analysts also recently weighed in on ENB. TD upgraded Enbridge from a “hold” rating to a “buy” rating and decreased their price target for the company from C$82.00 to C$81.00 in a research note on Tuesday, September 15th. BMO Capital Markets raised Enbridge from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$79.00 to C$79.50 in a report on Tuesday, September 15th. Canadian Imperial Bank of Commerce upgraded Enbridge from a “hold” rating to an “outperformer” rating and increased their price objective for the stock from C$77.00 to C$78.00 in a research report on Friday, August 28th. TD Securities upgraded Enbridge from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Finally, ATB Cormark Capital Markets raised their target price on Enbridge from C$83.00 to C$84.00 and gave the company an “outperform” rating in a report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$77.62.
Read Our Latest Stock Report on Enbridge
Enbridge Stock Performance
Shares of ENB stock opened at C$68.01 on Monday. The company has a market cap of C$151.58 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.72 and a beta of 0.72. The stock has a 50 day simple moving average of C$67.83 and a 200-day simple moving average of C$72.34. Enbridge has a 12-month low of C$62.42 and a 12-month high of C$80.65. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 171.59.
Insider Transactions at Enbridge
In related news, Director Gregory Lorne Ebel purchased 7,105 shares of Enbridge stock in a transaction dated Monday, September 14th. The stock was bought at an average cost of C$66.85 per share, for a total transaction of C$474,969.25. Following the transaction, the director owned 589,721 shares in the company, valued at approximately C$39,422,848.85. The trade was a 1.22% increase in their ownership of the stock. Also, insider Michele Eva Harradence purchased 7,105 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were purchased at an average cost of C$67.28 per share, for a total transaction of C$478,024.40. Following the purchase, the insider directly owned 87,467 shares in the company, valued at approximately C$5,884,779.76. This represents a 8.84% increase in their ownership of the stock. Company insiders own 0.10% of the company’s stock.
Enbridge Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a yield of 5.7%. Enbridge’s dividend payout ratio (DPR) is 147.68%.
About Enbridge
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.
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