US Capital Advisors Brokers Boost Earnings Estimates for Enbridge Inc. (NYSE:ENB)

Enbridge Inc. (NYSE:ENBGet Rating) (TSE:ENB) – US Capital Advisors upped their Q1 2022 earnings per share (EPS) estimates for shares of Enbridge in a research note issued on Monday, April 25th. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will earn $0.68 per share for the quarter, up from their prior estimate of $0.67. US Capital Advisors also issued estimates for Enbridge’s FY2023 earnings at $2.49 EPS.

ENB has been the topic of several other research reports. BMO Capital Markets raised their price objective on Enbridge from C$57.00 to C$59.00 in a report on Monday, February 14th. Raymond James raised their price objective on Enbridge from C$53.00 to C$54.50 and gave the stock a “market perform” rating in a report on Monday, February 14th. CIBC raised their price objective on Enbridge from C$57.00 to C$58.00 in a report on Monday, February 14th. StockNews.com began coverage on Enbridge in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, TD Securities raised their price objective on Enbridge from C$57.00 to C$59.00 in a report on Monday, February 14th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Enbridge presently has an average rating of “Buy” and a consensus target price of $54.70.

NYSE:ENB opened at $43.82 on Thursday. The business’s fifty day moving average price is $44.82 and its 200 day moving average price is $42.06. The firm has a market capitalization of $88.76 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 3.20 and a beta of 0.78. Enbridge has a 12 month low of $36.21 and a 12 month high of $47.42. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.49 and a quick ratio of 0.40.

Enbridge (NYSE:ENBGet Rating) (TSE:ENB) last posted its earnings results on Friday, February 11th. The pipeline company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.07). The business had revenue of $9.89 billion during the quarter, compared to analysts’ expectations of $10.10 billion. Enbridge had a net margin of 12.66% and a return on equity of 9.98%.

A number of large investors have recently made changes to their positions in ENB. Norges Bank acquired a new stake in Enbridge in the fourth quarter valued at about $676,148,000. GQG Partners LLC acquired a new stake in Enbridge in the fourth quarter valued at about $380,238,000. Cook Street Consulting Inc. acquired a new stake in Enbridge in the fourth quarter valued at about $348,749,000. Brookfield Asset Management Inc. lifted its position in Enbridge by 167.0% in the third quarter. Brookfield Asset Management Inc. now owns 8,913,847 shares of the pipeline company’s stock valued at $125,175,000 after purchasing an additional 5,575,344 shares during the period. Finally, Toronto Dominion Bank lifted its position in Enbridge by 24.0% in the third quarter. Toronto Dominion Bank now owns 21,728,940 shares of the pipeline company’s stock valued at $890,622,000 after purchasing an additional 4,208,208 shares during the period. Hedge funds and other institutional investors own 53.80% of the company’s stock.

About Enbridge (Get Rating)

Enbridge Inc 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.

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Earnings History and Estimates for Enbridge (NYSE:ENB)

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