Research Analysts Offer Predictions for Enbridge Q4 Earnings

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – US Capital Advisors reduced their Q4 2024 earnings per share (EPS) estimates for Enbridge in a note issued to investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings per share of $0.75 for the quarter, down from their prior forecast of $0.79. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. US Capital Advisors also issued estimates for Enbridge’s FY2025 earnings at $2.75 EPS and FY2026 earnings at $2.76 EPS.

Other equities research analysts have also issued reports about the stock. Raymond James increased their price objective on shares of Enbridge from C$59.00 to C$63.00 in a report on Tuesday. National Bankshares lifted their price objective on Enbridge from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Wells Fargo & Company upgraded Enbridge from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 6th. CIBC boosted their price target on shares of Enbridge from C$59.00 to C$67.00 in a research report on Monday, November 4th. Finally, BMO Capital Markets increased their price objective on shares of Enbridge from C$54.00 to C$56.00 in a research report on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Enbridge presently has a consensus rating of “Hold” and an average target price of C$58.31.

Enbridge Stock Performance

TSE:ENB opened at C$60.14 on Thursday. The stock has a 50-day moving average price of C$57.20 and a 200 day moving average price of C$53.08. The stock has a market capitalization of C$131.11 billion, a P/E ratio of 23.13, a P/E/G ratio of 1.72 and a beta of 0.90. Enbridge has a 12-month low of C$45.05 and a 12-month high of C$61.09. The company has a current ratio of 0.76, a quick ratio of 0.44 and a debt-to-equity ratio of 131.26.

Enbridge Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be given a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend is Friday, November 15th. Enbridge’s dividend payout ratio (DPR) is presently 140.77%.

Insiders Place Their Bets

In other news, Senior Officer Maximilian Chan sold 688 shares of Enbridge stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total transaction of C$37,977.60. Insiders own 0.10% of the company’s stock.

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.