What is Scotiabank’s Forecast for Enbridge FY2026 Earnings?

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Scotiabank reduced their FY2026 earnings per share estimates for shares of Enbridge in a report released on Thursday, February 19th. Scotiabank analyst R. Hope now anticipates that the company will earn $3.08 per share for the year, down from their previous estimate of $3.09. Scotiabank currently has a “Outperform” rating and a $77.00 target price on the stock. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. Scotiabank also issued estimates for Enbridge’s FY2027 earnings at $3.37 EPS.

A number of other equities analysts also recently commented on ENB. National Bank Financial lifted their price target on Enbridge from C$71.00 to C$72.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Jefferies Financial Group lowered Enbridge from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$71.00 to C$76.00 in a research report on Tuesday. JPMorgan Chase & Co. lowered Enbridge from an “overweight” rating to a “neutral” rating and dropped their price target for the company from C$74.00 to C$69.00 in a research report on Tuesday, January 27th. Canadian Imperial Bank of Commerce reduced their price objective on Enbridge from C$71.00 to C$69.00 in a research note on Wednesday, December 17th. Finally, BMO Capital Markets boosted their target price on shares of Enbridge from C$67.00 to C$70.00 in a research note on Thursday, December 4th. One 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$73.31.

Enbridge Price Performance

ENB opened at C$70.55 on Friday. The company has a market capitalization of C$153.93 billion, a P/E ratio of 21.91, a PEG ratio of 1.72 and a beta of 0.95. The company has a 50-day moving average of C$66.39 and a 200-day moving average of C$66.71. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. Enbridge has a 1-year low of C$56.51 and a 1-year high of C$73.71.

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

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Sunday, March 1st will be given 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 payout ratio is 117.08%.

Key Enbridge News

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Q4 results beat estimates: stronger pipeline and gas performance drove revenue growth and Enbridge reaffirmed its 2026 outlook, which supports the stock’s fundamentals despite weaker renewables results. Enbridge Q4 Earnings Surpass Estimates, Revenues Increase Y/Y
• Positive Sentiment: Scotiabank raised its price target to C$77 and nudged FY2027 EPS higher (to $3.37), keeping an Outperform rating — a supportive analyst read on medium‑term earnings. Scotiabank Raises Enbridge (TSE:ENB) Price Target to C$77.00
• Positive Sentiment: ATB Cormark increased its target to C$78, signalling additional analyst conviction behind ENB’s valuation and dividend story. ATB Cormark Capital Markets Increases Enbridge (TSE:ENB) Price Target to C$78.00
• Positive Sentiment: Raymond James raised its price target to C$77, another incremental vote of confidence from the sell side. Raymond James Financial Raises Enbridge (TSE:ENB) Price Target to C$77.00
• Positive Sentiment: National Bank Financial lifted its target to C$72, adding to the cluster of upward revisions from banks. National Bank Financial Increases Enbridge (TSE:ENB) Price Target to C$72.00
• Positive Sentiment: E Split Corp. (a fund that holds Enbridge exposure) is boosting its monthly distribution, citing continued dividend growth from Enbridge — a thumbs‑up for ENB’s cash yield credibility. E Split Corp. Announces Increase to Class A Distribution Rate
• Neutral Sentiment: Zacks/Yahoo note that ENB is a trending stock among retail users — increased attention can amplify moves but is not a directional catalyst by itself. Enbridge Inc (ENB) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: A market piece highlighting ENB’s 22.9% one‑year gain underscores strong recent performance and the stock’s income appeal; useful context but not an immediate catalyst. Enbridge Shares Up 22.9% in a Year: Should You Buy the Stock or Wait?
• Neutral Sentiment: Scotiabank also made a tiny downward tweak to FY2026 EPS (from $3.09 to $3.08) — immaterial on its own but noted among mixed analyst commentary. Scotiabank Cuts FY2026 Estimate for Enbridge
• Negative Sentiment: TD Securities downgraded Enbridge to a Hold, which can pressure the stock by reducing near‑term conviction from a major Canadian dealer. Enbridge (TSE:ENB) Rating Lowered to “Hold” at TD Securities
• Negative Sentiment: Jefferies cut Enbridge to Hold, adding to downside pressure from a couple of sell‑side downgrades. Jefferies Financial Group Downgrades Enbridge (TSE:ENB) to Hold

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.