Scotiabank Comments on Enbridge’s FY2027 Earnings (NYSE:ENB)

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Equities researchers at Scotiabank increased their FY2027 earnings per share (EPS) estimates for shares of Enbridge in a report released on Friday, August 28th. Scotiabank analyst R. Hope now expects that the pipeline company will post earnings per share of $2.35 for the year, up from their prior forecast of $2.31. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.11 per share.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $8.67 billion. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.During the same quarter in the previous year, the firm posted $0.65 EPS.

A number of other equities research analysts also recently commented on ENB. Wolfe Research set a $50.00 target price on Enbridge in a report on Tuesday, August 4th. BMO Capital Markets reiterated a “market perform” rating on shares of Enbridge in a report on Monday, August 3rd. TD Securities reissued a “hold” rating on shares of Enbridge in a research report on Thursday, July 16th. US Capital Advisors raised shares of Enbridge from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Finally, Wall Street Zen upgraded shares of Enbridge from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $67.00.

Enbridge Stock Up 0.9%

Shares of ENB stock opened at $50.65 on Tuesday. The stock’s 50-day simple moving average is $53.56 and its 200-day simple moving average is $54.02. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market capitalization of $110.62 billion, a PE ratio of 27.09 and a beta of 0.58. Enbridge has a fifty-two week low of $45.03 and a fifty-two week high of $58.45.

Institutional Trading of Enbridge

A number of institutional investors and hedge funds have recently made changes to their positions in ENB. Triumph Capital Management acquired a new position in shares of Enbridge during the 3rd quarter worth approximately $26,000. Arlington Trust Co LLC increased its holdings in Enbridge by 114.6% in the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 267 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new position in Enbridge during the third quarter worth $28,000. Inspire Investing LLC acquired a new position in Enbridge during the fourth quarter worth $29,000. Finally, Garner Asset Management Corp purchased a new position in Enbridge during the fourth quarter valued at $30,000. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Friday, August 14th. Enbridge’s dividend payout ratio (DPR) is presently 147.06%.

About Enbridge

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.