Q4 Earnings Estimate for Enbridge Issued By Atb Cap Markets

by · The Cerbat Gem

Enbridge Inc. (NYSE:ENB – Free Report) (TSE:ENB) – Research analysts at Atb Cap Markets issued their Q4 2024 earnings per share (EPS) estimates for shares of Enbridge in a note issued to investors on Sunday, November 3rd. Atb Cap Markets analyst N. Heywood anticipates that the pipeline company will post earnings of $0.51 per share for the quarter. The consensus estimate for Enbridge’s current full-year earnings is $2.07 per share. Atb Cap Markets also issued estimates for Enbridge’s Q1 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.59 EPS, FY2025 earnings at $2.20 EPS and FY2026 earnings at $2.35 EPS.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last announced its earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.15. Enbridge had a net margin of 13.54% and a return on equity of 9.99%. The company had revenue of $10.91 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the business posted $0.46 earnings per share.

Several other research firms also recently weighed in on ENB. Wells Fargo & Company upgraded Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday. Morgan Stanley initiated coverage on Enbridge in a research note on Friday, October 25th. They issued an “equal weight” rating on the stock. Finally, Jefferies Financial Group downgraded Enbridge from a “buy” rating to a “hold” rating in a research note on Monday, September 30th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Enbridge presently has a consensus rating of “Hold” and an average price target of $55.00.

Get Our Latest Analysis on ENB

Enbridge Trading Up 0.5 %

Shares of Enbridge stock opened at $41.05 on Wednesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.68. The stock has a market capitalization of $89.39 billion, a PE ratio of 19.00, a P/E/G ratio of 3.91 and a beta of 0.93. Enbridge has a 1-year low of $32.76 and a 1-year high of $42.16. The company’s fifty day simple moving average is $40.78 and its 200-day simple moving average is $38.09.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be given a $0.676 dividend. This represents a $2.70 annualized dividend and a dividend yield of 6.59%. This is an increase from Enbridge’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, November 15th. Enbridge’s payout ratio is presently 122.22%.

Institutional Trading of Enbridge

Several institutional investors have recently made changes to their positions in the business. Grove Bank & Trust boosted its stake in Enbridge by 56.7% in the 3rd quarter. Grove Bank & Trust now owns 771 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 279 shares during the period. MFA Wealth Advisors LLC lifted its holdings in shares of Enbridge by 55.6% in the third quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock worth $32,000 after buying an additional 280 shares in the last quarter. TruNorth Capital Management LLC purchased a new position in Enbridge during the second quarter valued at $28,000. William B. Walkup & Associates Inc. bought a new stake in Enbridge in the 2nd quarter valued at $28,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in Enbridge in the 1st quarter worth $29,000. Hedge funds and other institutional investors own 54.60% of the company’s stock.

About Enbridge

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Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

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