Scotiabank Estimates Enbridge’s FY2026 Earnings (NYSE:ENB)

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Research analysts at Scotiabank lowered their FY2026 earnings estimates for Enbridge in a report released on Friday, April 17th. Scotiabank analyst R. Hope now forecasts that the pipeline company will post earnings per share of $2.22 for the year, down from their previous estimate of $2.25. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.23 per share.

Several other research analysts have also commented on ENB. BMO Capital Markets restated a “market perform” rating on shares of Enbridge in a report on Tuesday, February 17th. Zacks Research upgraded shares of Enbridge from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen lowered shares of Enbridge from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Raymond James Financial upgraded shares of Enbridge to a “moderate buy” rating in a report on Tuesday, February 17th. Finally, Citigroup restated a “buy” rating on shares of Enbridge in a report on Thursday, February 19th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.00.

Enbridge Price Performance

ENB opened at $51.82 on Wednesday. Enbridge has a 1 year low of $43.59 and a 1 year high of $55.44. The company’s 50 day simple moving average is $53.41 and its 200 day simple moving average is $49.73. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.55 and a current ratio of 0.63. The stock has a market capitalization of $113.16 billion, a PE ratio of 22.53 and a beta of 0.63.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, February 13th. The pipeline company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. The business had revenue of $17.18 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the company earned $0.75 earnings per share.

Institutional Trading of Enbridge

A number of hedge funds have recently made changes to their positions in the company. MIdWestOne Financial Group Inc. raised its stake in shares of Enbridge by 4.3% during the fourth quarter. MIdWestOne Financial Group Inc. now owns 4,906 shares of the pipeline company’s stock valued at $235,000 after purchasing an additional 203 shares during the period. Sumitomo Life Insurance Co. raised its stake in shares of Enbridge by 1.1% during the fourth quarter. Sumitomo Life Insurance Co. now owns 18,621 shares of the pipeline company’s stock valued at $891,000 after purchasing an additional 205 shares during the period. Arete Wealth Advisors LLC raised its stake in shares of Enbridge by 4.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 4,914 shares of the pipeline company’s stock valued at $235,000 after purchasing an additional 208 shares during the period. Blue Fin Capital Inc. raised its stake in shares of Enbridge by 1.3% during the fourth quarter. Blue Fin Capital Inc. now owns 16,028 shares of the pipeline company’s stock valued at $767,000 after purchasing an additional 213 shares during the period. Finally, Guinness Atkinson Asset Management Inc raised its stake in shares of Enbridge by 3.4% during the fourth quarter. Guinness Atkinson Asset Management Inc now owns 6,475 shares of the pipeline company’s stock valued at $309,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Key Stories Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge subsidiary won presidential permits for cross‑border pipelines, which supports cross‑border throughput and future project optionality. This is a tangible regulatory win that helps underpin longer‑term pipeline revenue. Read More.
• Positive Sentiment: Scotiabank raised its FY2027 EPS estimate slightly (from $2.46 to $2.47) and kept an Outperform rating, signaling continued analyst confidence in Enbridge’s cash‑flow model and dividend support. (Market commentary)
• Neutral Sentiment: Scotiabank trimmed its FY2026 EPS estimate modestly (from $2.25 to $2.22). The change is small and the firm maintained an Outperform rating, so this is unlikely to move fundamentals materially. (Market commentary)
• Neutral Sentiment: Comparative analyst pieces (e.g., ConocoPhillips vs. Enbridge) emphasize ENB’s contract‑backed, stable cash flows vs. commodity exposure for upstream names — useful for portfolio positioning but not an immediate catalyst. Read More.
• Negative Sentiment: The U.S. Supreme Court rejected Enbridge’s bid to move the Line 5 dispute to federal court and sent the case back to Michigan state court. That preserves the state’s ability to pursue remedies including potential shutdown or stricter state oversight; it raises legal and shutdown risk for the Line 5 asset, increases regulatory uncertainty and could pressure future cash flows and remediation costs. This ruling is the primary driver of today’s downward share movement. Read More. Read More.
• Negative Sentiment: Opinion/analyst pieces have turned more cautious in places (e.g., a Seeking Alpha downgrade note), highlighting valuation and regulatory risk after a long run — such coverage can amplify selling pressure despite stable contract revenues. Read More.

About Enbridge

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.