Scotiabank Has Bullish Estimate for Enbridge FY2026 Earnings

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Equities research analysts at Scotiabank upped their FY2026 earnings per share estimates for Enbridge in a research note issued on Thursday, February 19th. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings per share of $2.25 for the year, up from their previous forecast of $2.22. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.14 per share.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Enbridge had a return on equity of 11.19% and a net margin of 11.30%.The business had revenue of $17.18 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the firm posted $0.75 EPS.

ENB has been the subject of several other reports. TD Securities downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Citigroup reiterated a “buy” rating on shares of Enbridge in a research note on Thursday. BMO Capital Markets reissued a “market perform” rating on shares of Enbridge in a research report on Tuesday, February 17th. National Bank Financial reaffirmed a “sector perform” rating on shares of Enbridge in a report on Monday, November 10th. Finally, Raymond James Financial upgraded Enbridge to a “moderate buy” rating in a research report on Tuesday, February 17th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Enbridge has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Enbridge Trading Up 1.6%

Shares of ENB stock opened at $52.37 on Monday. Enbridge has a 12 month low of $39.73 and a 12 month high of $54.19. The company has a market cap of $114.26 billion, a PE ratio of 22.77 and a beta of 0.69. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 1.70. The business’s 50 day moving average is $48.48 and its two-hundred day moving average is $48.22.

Institutional Investors Weigh In On Enbridge

Large investors have recently made changes to their positions in the company. Westwood Holdings Group Inc. boosted its position in Enbridge by 83.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,301,067 shares of the pipeline company’s stock worth $104,284,000 after buying an additional 1,044,093 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Enbridge by 0.8% during the second quarter. Envestnet Asset Management Inc. now owns 4,142,927 shares of the pipeline company’s stock worth $187,705,000 after purchasing an additional 32,268 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Enbridge by 15.3% in the third quarter. Jones Financial Companies Lllp now owns 1,676,947 shares of the pipeline company’s stock worth $83,176,000 after purchasing an additional 221,976 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Enbridge by 7.7% in the third quarter. Principal Financial Group Inc. now owns 339,147 shares of the pipeline company’s stock worth $17,113,000 after purchasing an additional 24,165 shares during the last quarter. Finally, Aviva PLC increased its holdings in Enbridge by 6.7% in the second quarter. Aviva PLC now owns 1,785,676 shares of the pipeline company’s stock valued at $80,959,000 after purchasing an additional 112,305 shares during the period. Institutional investors own 54.60% of the company’s stock.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This is a boost from Enbridge’s previous quarterly dividend of $0.94. This represents a $3.88 dividend on an annualized basis and a dividend yield of 7.4%. Enbridge’s dividend payout ratio (DPR) is 120.87%.

Key Enbridge News

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge Gas has opened a bidding process for gas transportation services, which could signal stronger utilization and near-term contracted revenue for the utility arm. ENBRIDGE GAS INVITES EXISTING AND POTENTIAL SHIPPERS TO BID ON GAS TRANSPORTATION SERVICES
• Positive Sentiment: Investment write-ups highlight Enbridge’s large dividend ( ~5.5% yield cited) and that the company replenished its growth project backlog — supporting dividend sustainability and future fee-based growth. This Elite 5.5%-Yielding Dividend Stock Continues to Fill Up Its Growth Engine
• Positive Sentiment: Analyst coverage remains constructive: consensus on aggregated sites shows an average rating of “Moderate Buy,” supporting investor confidence in the shares. Enbridge Inc (NYSE:ENB) Given Average Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Valuation pieces note mixed short‑term share moves (slight daily/weekly softness) but positive 30- and 90‑day returns and a strong 1‑year TSR — suggesting gradual momentum rather than a rapid rerating. Assessing Enbridge (TSX:ENB) Valuation After Recent Mixed Short Term Share Price Moves
• Neutral Sentiment: Scotiabank commentary and follow‑up pieces summarize FY2026 results and provide FY2027 forecasts — useful for modeling, but they don’t report a material change in guidance that would immediately move the share price. Scotiabank Comments on Enbridge’s FY2026 Earnings (NYSE:ENB) What is Scotiabank’s Forecast for Enbridge FY2027 Earnings?
• Negative Sentiment: Local tribe has filed to halt the Line 5 reroute in Wisconsin — a legal/regulatory challenge that could delay rerouting work, raise costs, and increase permitting uncertainty for a material pipeline asset. This is the clearest near‑term downside risk in the newsflow. Tribe wants court to halt Line 5 reroute in Wisconsin

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.