What is Scotiabank’s Forecast for Enbridge FY2026 Earnings?

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Research analysts at Scotiabank issued their FY2026 EPS estimates for shares of Enbridge in a report issued on Thursday, September 17th. Scotiabank analyst R. Hope expects that the company will post earnings per share of $2.94 for the year. Scotiabank currently has a “Strong-Buy” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. Scotiabank also issued estimates for Enbridge’s FY2027 earnings at $3.26 EPS.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Friday, July 31st. The company reported C$0.63 earnings per share (EPS) for the quarter. Enbridge had a return on equity of 10.01% and a net margin of 7.28%.The firm had revenue of C$29.32 billion during the quarter.

A number of other research firms have also recently weighed in on ENB. National Bank Financial raised Enbridge from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$81.00 to C$82.00 in a report on Tuesday, September 15th. US Capital Advisors raised Enbridge from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 20th. TD Securities upgraded Enbridge from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. BMO Capital Markets raised shares of Enbridge from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$79.00 to C$79.50 in a research note on Tuesday, September 15th. Finally, ATB Cormark Capital Markets upped their target price on shares of Enbridge from C$83.00 to C$84.00 and gave the company an “outperform” rating in a report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$77.62.

Enbridge Price Performance

Enbridge stock opened at C$67.69 on Monday. The firm has a market capitalization of C$147.84 billion, a PE ratio of 26.14, a P/E/G ratio of 1.72 and a beta of 0.69. Enbridge has a 52 week low of C$62.42 and a 52 week high of C$80.65. The firm’s 50-day simple moving average is C$72.40 and its 200 day simple moving average is C$74.57. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 171.59.

Enbridge Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Friday, August 14th. Enbridge’s payout ratio is 147.68%.

Insider Transactions at Enbridge

In other Enbridge news, insider Michele Eva Harradence acquired 7,105 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was bought at an average cost of C$67.28 per share, for a total transaction of C$478,024.40. Following the completion of the purchase, the insider directly owned 87,467 shares in the company, valued at C$5,884,779.76. This represents a 8.84% increase in their ownership of the stock. Also, Director Gregory Lorne Ebel acquired 7,105 shares of Enbridge stock in a transaction on Monday, September 14th. The shares were bought at an average price of C$66.85 per share, for a total transaction of C$474,969.25. Following the purchase, the director owned 589,721 shares of the company’s stock, valued at C$39,422,848.85. This represents a 1.22% increase in their ownership of the stock. 0.10% of the stock is currently owned by insiders.

Enbridge Company Profile

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.