Q1 2024 EPS Estimates for Enbridge Inc. Decreased by Analyst (TSE:ENB)

Enbridge Inc. (TSE:ENBFree Report) (NYSE:ENB) – Stock analysts at Atb Cap Markets dropped their Q1 2024 EPS estimates for Enbridge in a note issued to investors on Sunday, February 11th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $0.81 for the quarter, down from their previous estimate of $0.82. The consensus estimate for Enbridge’s current full-year earnings is $2.82 per share. Atb Cap Markets also issued estimates for Enbridge’s Q2 2024 earnings at $0.71 EPS, Q3 2024 earnings at $0.69 EPS, Q4 2024 earnings at $0.69 EPS, FY2024 earnings at $2.90 EPS and FY2025 earnings at $3.23 EPS.

Several other equities research analysts also recently weighed in on ENB. Scotiabank cut their target price on shares of Enbridge from C$52.00 to C$50.00 in a research note on Tuesday, October 24th. ATB Capital set a C$56.00 price objective on shares of Enbridge and gave the company an “outperform” rating in a research report on Friday, January 5th. Raymond James dropped their price objective on shares of Enbridge from C$56.00 to C$54.00 in a research report on Thursday, October 19th. CIBC dropped their price objective on shares of Enbridge from C$64.00 to C$56.00 and set an “outperform” rating on the stock in a research report on Thursday, October 19th. Finally, Barclays increased their price objective on shares of Enbridge from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Enbridge presently has an average rating of “Hold” and a consensus target price of C$53.69.

View Our Latest Report on ENB

Enbridge Stock Performance

TSE:ENB opened at C$46.93 on Tuesday. The company has a debt-to-equity ratio of 127.95, a current ratio of 0.83 and a quick ratio of 0.44. The firm has a market capitalization of C$99.96 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.16 and a beta of 0.88. The company’s 50-day moving average is C$47.95 and its two-hundred day moving average is C$46.81. Enbridge has a 1-year low of C$42.75 and a 1-year high of C$54.56.

Insider Buying and Selling

In other Enbridge news, Director Teresa Smith Madden purchased 2,100 shares of Enbridge stock in a transaction on Monday, December 18th. The shares were bought at an average price of C$35.49 per share, with a total value of C$74,529.00. In other news, Director Teresa Smith Madden acquired 2,100 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was acquired at an average cost of C$35.49 per share, for a total transaction of C$74,529.00. Also, Director Dan Curtis Tutcher sold 18,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of C$35.30, for a total value of C$635,400.00. Insiders own 0.15% of the company’s stock.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, March 1st will be issued a $0.915 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 7.80%. This is a boost from Enbridge’s previous quarterly dividend of $0.89. Enbridge’s dividend payout ratio is currently 128.87%.

Enbridge Company Profile

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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.

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Earnings History and Estimates for Enbridge (TSE:ENB)

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