FY2025 EPS Estimates for Enbridge Raised by Atb Cap Markets

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Equities researchers at Atb Cap Markets upped their FY2025 EPS estimates for Enbridge in a report issued on Sunday, October 19th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $3.04 for the year, up from their prior estimate of $3.00. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

ENB has been the topic of a number of other research reports. Argus raised shares of Enbridge to a “strong-buy” rating in a research note on Tuesday, August 12th. CIBC downgraded shares of Enbridge from an “outperform” rating to a “neutral” rating and increased their price target for the stock from C$68.00 to C$70.00 in a research note on Thursday, October 9th. Jefferies Financial Group raised shares of Enbridge from a “hold” rating to a “buy” rating and increased their price target for the stock from C$65.00 to C$72.00 in a research note on Wednesday, July 23rd. National Bankshares increased their price target on shares of Enbridge from C$64.00 to C$65.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 5th. Finally, ATB Capital increased their price target on shares of Enbridge from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Enbridge presently has an average rating of “Moderate Buy” and a consensus price target of C$67.80.

Enbridge Stock Up 0.1%

Shares of TSE ENB opened at C$66.29 on Tuesday. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The firm has a market cap of C$144.55 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 1.72 and a beta of 0.89. Enbridge has a 1 year low of C$55.53 and a 1 year high of C$70.39. The firm’s 50 day moving average price is C$67.26 and its 200 day moving average price is C$64.14.

Enbridge Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, September 1st were paid a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, August 15th. Enbridge’s dividend payout ratio (DPR) is currently 130.81%.

About Enbridge

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.