Scotiabank Has Negative Outlook of Enbridge FY2026 Earnings

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for shares of Enbridge in a research note issued on Tuesday, August 4th. Scotiabank analyst R. Hope now expects that the pipeline company will post earnings of $2.10 per share for the year, down from their prior forecast of $2.11. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.12 per share. Scotiabank also issued estimates for Enbridge’s FY2027 earnings at $2.31 EPS.

A number of other brokerages also recently issued reports on ENB. Wall Street Zen raised Enbridge from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a report on Monday. Royal Bank Of Canada boosted their price objective on shares of Enbridge from $79.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday. Raymond James Financial cut shares of Enbridge from an “outperform” rating to a “market perform” rating in a report on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Enbridge in a research report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $62.67.

Enbridge Price Performance

Shares of NYSE ENB opened at $51.91 on Thursday. The stock’s 50-day simple moving average is $55.28 and its 200-day simple moving average is $53.77. The firm has a market capitalization of $113.36 billion, a PE ratio of 27.76 and a beta of 0.58. Enbridge has a fifty-two week low of $45.03 and a fifty-two week high of $58.45. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.73 and a current ratio of 0.72.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.The business had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $8.67 billion. During the same quarter in the prior year, the business posted $0.65 EPS.

Enbridge Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 7.5%. Enbridge’s dividend payout ratio is 152.41%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Enbridge during the 4th quarter worth approximately $1,195,559,000. Auto Owners Insurance Co increased its holdings in shares of Enbridge by 4,683.0% in the fourth quarter. Auto Owners Insurance Co now owns 8,566,831 shares of the pipeline company’s stock valued at $40,975,000 after purchasing an additional 8,387,721 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Enbridge by 787.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,196,000 shares of the pipeline company’s stock valued at $173,189,000 after purchasing an additional 2,836,000 shares during the period. Alberta Investment Management Corp purchased a new stake in shares of Enbridge during the fourth quarter worth approximately $132,705,000. Finally, Vanguard Group Inc. raised its stake in shares of Enbridge by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 100,364,993 shares of the pipeline company’s stock worth $4,802,766,000 after purchasing an additional 2,067,516 shares during the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

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.