National Bank Financial Weighs in on Enbridge Q1 Earnings

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Equities researchers at National Bank Financial issued their Q1 2025 earnings estimates for Enbridge in a report issued on Wednesday, April 23rd. National Bank Financial analyst P. Kenny forecasts that the company will earn $0.89 per share for the quarter. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. National Bank Financial also issued estimates for Enbridge’s FY2025 earnings at $3.01 EPS.

A number of other research analysts have also issued reports on ENB. Jefferies Financial Group raised their price objective on shares of Enbridge from C$59.00 to C$65.00 in a report on Thursday, January 30th. Royal Bank of Canada upped their price target on shares of Enbridge from C$63.00 to C$67.00 in a research report on Tuesday, February 18th. Citigroup set a C$75.00 price target on shares of Enbridge and gave the stock a “buy” rating in a report on Friday, April 4th. Raymond James increased their price objective on Enbridge from C$65.00 to C$67.00 in a report on Tuesday, February 18th. Finally, Scotiabank raised their target price on Enbridge from C$61.00 to C$65.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Enbridge currently has an average rating of “Hold” and an average price target of C$64.80.

Enbridge Price Performance

Shares of ENB opened at C$63.30 on Thursday. The business has a 50-day simple moving average of C$61.45 and a two-hundred day simple moving average of C$60.72. Enbridge has a 12-month low of C$47.41 and a 12-month high of C$65.62. The stock has a market cap of C$137.18 billion, a PE ratio of 20.58, a PEG ratio of 1.72 and a beta of 0.90. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86.

Insiders Place Their Bets

In related news, Senior Officer Michele Eva Harradence acquired 5,857 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average price of C$62.53 per share, for a total transaction of C$366,238.21. Also, Senior Officer Matthew Allan Akman bought 1,000 shares of Enbridge stock in a transaction dated Friday, March 14th. The stock was purchased at an average price of C$61.24 per share, with a total value of C$61,240.00. 0.10% of the stock is currently owned by corporate insiders.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Saturday, March 1st were paid a dividend of $0.9425 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.77 annualized dividend and a yield of 5.96%. This is a boost from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio (DPR) is currently 118.98%.

About Enbridge

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.