US Capital Advisors Boosts Earnings Estimates for Enbridge

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Equities researchers at US Capital Advisors increased their Q1 2027 earnings per share (EPS) estimates for Enbridge in a research report issued on Thursday, August 20th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $0.78 for the quarter, up from their prior forecast of $0.74. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.11 per share. US Capital Advisors also issued estimates for Enbridge’s FY2028 earnings at $2.62 EPS.

Several other analysts also recently issued reports on the stock. Wolfe Research set a $50.00 price target on shares of Enbridge in a report on Tuesday, August 4th. Royal Bank Of Canada raised their price objective on shares of Enbridge from $79.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Enbridge in a research report on Wednesday, August 19th. TD Securities reaffirmed a “hold” rating on shares of Enbridge in a research note on Thursday, July 16th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Enbridge in a research note on Monday, May 11th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Enbridge has an average rating of “Hold” and a consensus target price of $67.00.

Enbridge Stock Performance

NYSE:ENB opened at $49.74 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.69. The firm has a 50-day moving average price of $53.90 and a two-hundred day moving average price of $54.03. Enbridge has a twelve month low of $45.03 and a twelve month high of $58.45. The company has a market capitalization of $108.63 billion, a P/E ratio of 26.60 and a beta of 0.58.

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

Institutional Trading of Enbridge

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Retirement Planning Group LLC boosted its holdings in shares of Enbridge by 3.6% during the 1st quarter. Retirement Planning Group LLC now owns 5,357 shares of the pipeline company’s stock valued at $290,000 after buying an additional 187 shares in the last quarter. Bank & Trust Co increased its stake in shares of Enbridge by 0.6% in the 2nd quarter. Bank & Trust Co now owns 33,276 shares of the pipeline company’s stock worth $1,804,000 after acquiring an additional 193 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in shares of Enbridge by 0.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 31,543 shares of the pipeline company’s stock worth $1,710,000 after acquiring an additional 194 shares in the last quarter. PFG Investments LLC lifted its position in Enbridge by 0.9% during the 1st quarter. PFG Investments LLC now owns 22,208 shares of the pipeline company’s stock valued at $1,202,000 after acquiring an additional 202 shares during the period. Finally, MIdWestOne Financial Group Inc. lifted its position in Enbridge by 4.3% during the 4th quarter. MIdWestOne Financial Group Inc. now owns 4,906 shares of the pipeline company’s stock valued at $235,000 after acquiring an additional 203 shares during the period. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Friday, August 14th. Enbridge’s dividend payout ratio (DPR) is presently 147.06%.

Enbridge Company Profile

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.