Enbridge (TSE:ENB) Price Target Raised to C$78.00 at ATB Cormark Capital Markets

Enbridge (TSE:ENB) (NYSE:ENB) had its price target lifted by ATB Cormark Capital Markets from C$72.00 to C$78.00 in a research report released on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Raymond James Financial boosted their price target on Enbridge from C$74.00 to C$76.00 in a research note on Monday, November 10th. Royal Bank Of Canada raised their price objective on shares of Enbridge from C$67.00 to C$72.00 in a report on Monday, November 10th. Canadian Imperial Bank of Commerce reduced their target price on shares of Enbridge from C$71.00 to C$69.00 in a report on Wednesday, December 17th. Scotiabank upgraded shares of Enbridge from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from C$70.00 to C$73.00 in a research note on Friday, January 16th. Finally, BMO Capital Markets boosted their price objective on shares of Enbridge from C$67.00 to C$70.00 in a research report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Enbridge has an average rating of “Moderate Buy” and an average target price of C$73.31.

Enbridge Trading Down 4.2%

TSE:ENB opened at C$70.21 on Tuesday. The company has a market cap 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 current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. The company has a 50 day simple moving average of C$66.09 and a two-hundred day simple moving average of C$66.61. Enbridge has a 12 month low of C$56.51 and a 12 month high of C$73.71.

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

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Sunday, March 1st will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 5.5%. This is a boost from Enbridge’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Tuesday, February 17th. Enbridge’s dividend payout ratio 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.