Atb Cap Markets Decreases Earnings Estimates for Enbridge

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Research analysts at Atb Cap Markets cut their FY2025 earnings per share estimates for shares of Enbridge in a research note issued on Sunday, November 9th. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will post earnings per share of $2.09 for the year, down from their prior estimate of $2.16. The consensus estimate for Enbridge’s current full-year earnings is $2.14 per share.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). Enbridge had a return on equity of 10.77% and a net margin of 10.11%.The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the previous year, the company earned $0.55 EPS.

Other equities research analysts have also recently issued reports about the stock. Argus upped their price target on shares of Enbridge from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Jefferies Financial Group raised Enbridge from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Wall Street Zen cut shares of Enbridge from a “hold” rating to a “sell” rating in a research note on Sunday, September 21st. National Bankshares restated a “sector perform” rating on shares of Enbridge in a report on Monday. Finally, CIBC downgraded Enbridge from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 9th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

Enbridge Price Performance

NYSE ENB opened at $47.90 on Tuesday. Enbridge has a 1 year low of $39.73 and a 1 year high of $50.54. The company has a fifty day simple moving average of $48.27 and a 200 day simple moving average of $46.78. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 1.58. The company has a market cap of $104.47 billion, a P/E ratio of 23.60, a P/E/G ratio of 4.31 and a beta of 0.76.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a dividend of $0.9425 per share. This is a positive change from Enbridge’s previous quarterly dividend of $0.68. This represents a $3.77 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Friday, November 14th. Enbridge’s dividend payout ratio is 132.02%.

Hedge Funds Weigh In On Enbridge

A number of hedge funds have recently modified their holdings of the stock. Mutual Advisors LLC lifted its position in Enbridge by 25.3% during the 2nd quarter. Mutual Advisors LLC now owns 51,995 shares of the pipeline company’s stock worth $2,338,000 after buying an additional 10,488 shares in the last quarter. 111 Capital bought a new position in shares of Enbridge in the second quarter worth about $1,887,000. Loudon Investment Management LLC lifted its position in shares of Enbridge by 40.6% during the second quarter. Loudon Investment Management LLC now owns 29,801 shares of the pipeline company’s stock worth $1,351,000 after purchasing an additional 8,600 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Enbridge by 37.7% in the second quarter. Ritholtz Wealth Management now owns 71,834 shares of the pipeline company’s stock valued at $3,256,000 after purchasing an additional 19,655 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Enbridge by 0.8% in the second quarter. Envestnet Asset Management Inc. now owns 4,142,927 shares of the pipeline company’s stock valued at $187,705,000 after purchasing an additional 32,268 shares in the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

About Enbridge

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.