FY2017 EPS Estimates for Enbridge Inc (ENB) Lifted by National Bank Financial

Enbridge Inc (TSE:ENB) (NYSE:ENB) – Analysts at National Bank Financial upped their FY2017 earnings estimates for Enbridge in a report issued on Wednesday. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $1.99 for the year, up from their prior estimate of $1.98. National Bank Financial has a “Outperform” rating and a $60.00 price target on the stock.

Several other brokerages also recently commented on ENB. CIBC decreased their target price on shares of Enbridge from C$71.00 to C$69.00 in a research note on Tuesday, October 17th. TD Securities decreased their target price on shares of Enbridge from C$62.00 to C$61.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. Royal Bank of Canada decreased their target price on shares of Enbridge from C$63.00 to C$59.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 13th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$66.00 target price on shares of Enbridge in a research note on Wednesday, December 13th. Finally, Scotiabank decreased their target price on shares of Enbridge from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$60.47.

Enbridge (ENB) opened at C$49.96 on Monday. Enbridge has a one year low of C$43.91 and a one year high of C$58.28.

In related news, Director Wanda Marie Opheim sold 28,000 shares of Enbridge stock in a transaction on Thursday, September 28th. The shares were sold at an average price of C$51.70, for a total value of C$1,447,600.00. Also, Director Michael E.J. Phelps sold 6,300 shares of Enbridge stock in a transaction on Thursday, September 21st. The shares were sold at an average price of C$41.42, for a total transaction of C$260,946.00. In the last quarter, insiders sold 89,718 shares of company stock worth $4,218,413.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, November 29th will be paid a $0.671 dividend. This represents a $2.68 annualized dividend and a dividend yield of 5.37%. This is an increase from Enbridge’s previous quarterly dividend of $0.61. The ex-dividend date is Wednesday, February 14th. Enbridge’s payout ratio is presently 119.03%.

TRADEMARK VIOLATION WARNING: “FY2017 EPS Estimates for Enbridge Inc (ENB) Lifted by National Bank Financial” was first published by Transcript Daily and is owned by of Transcript Daily. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://transcriptdaily.com/2017/12/20/fy2017-eps-estimates-for-enbridge-inc-enb-lifted-by-national-bank-financial.html.

About Enbridge

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply