Enbridge (TSE:ENB) Given New C$77.00 Price Target at Raymond James Financial

Enbridge (TSE:ENB) (NYSE:ENB) had its price target hoisted by Raymond James Financial from C$75.00 to C$77.00 in a research note released on Tuesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

ENB has been the topic of several other research reports. Royal Bank Of Canada boosted their price objective on Enbridge from C$72.00 to C$76.00 and gave the stock an “outperform” rating in a report on Tuesday. National Bank Financial boosted their price target on shares of Enbridge from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Scotiabank raised their price objective on shares of Enbridge from C$73.00 to C$77.00 and gave the stock an “outperform” rating in a research note on Tuesday. BMO Capital Markets lifted their price objective on shares of Enbridge from C$67.00 to C$70.00 in a research report on Thursday, December 4th. Finally, JPMorgan Chase & Co. lowered Enbridge from an “overweight” rating to a “neutral” rating and reduced their target price for the company from C$74.00 to C$69.00 in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Enbridge currently has an average rating of “Moderate Buy” and an average target price of C$73.31.

Enbridge Price Performance

Shares of TSE:ENB opened at C$70.21 on Tuesday. The company has a market capitalization of C$153.27 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95. 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 stock has a fifty day moving average of C$66.09 and a 200-day moving average of C$66.61. Enbridge has a one year low of C$56.51 and a one year high of C$73.71.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its earnings results on Friday, February 13th. The company reported C$0.88 earnings per share (EPS) for the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%.The company had revenue of C$17.18 billion for the quarter. As a group, equities analysts anticipate that Enbridge will post 3.511912 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Sunday, March 1st will be paid a $0.97 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $3.88 annualized dividend and a yield of 5.5%. This is a boost from Enbridge’s previous quarterly dividend of $0.94. Enbridge’s dividend payout ratio (DPR) is currently 146.76%.

Trending Headlines about Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Several major banks raised Enbridge price targets and maintained bullish ratings, lifting upside expectations — Scotiabank to C$77, RBC to C$76 (also covered by TickerReport), Raymond James to C$77, and ATB Cormark to C$78. These increases reinforce expectations for cash flow and dividend support. Article Title
• Positive Sentiment: Analysts’ revenue estimates for Enbridge are moving higher, which supports earnings outlook and helps justify the raised targets from several brokers. Analysts’ Revenue Estimates For Enbridge Inc. Are Surging Higher
• Neutral Sentiment: National Bank Financial raised its price target slightly to C$72 and set a “sector perform” rating — a modestly constructive move but less bullish than the outperform calls, indicating cautious exposure to the sector. Article Title
• Negative Sentiment: Jefferies downgraded Enbridge from “buy” to “hold,” citing that the Canadian midstream group’s year-to-date rally has reduced upside and made valuations less attractive — a note that likely pressured the stock into a pullback. Enbridge downgraded at Jefferies after Canadian midstream’s YTD rally
• Negative Sentiment: TD Securities lowered its rating from “buy” to “hold” while nudging its target to C$72 — another sign that some sell‑side desks see less near-term upside despite higher targets elsewhere. Article Title

Enbridge Company Profile

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.