Enbridge (TSE:ENB) Releases Quarterly Earnings Results

Enbridge (TSE:ENBGet Free Report) (NYSE:ENB) posted its quarterly earnings data on Friday. The company reported C$0.88 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$17.18 billion during the quarter. Enbridge had a net margin of 13.75% and a return on equity of 10.30%.

Enbridge Price Performance

Shares of ENB stock opened at C$73.30 on Friday. The stock has a 50-day moving average price of C$65.87 and a 200 day moving average price of C$66.43. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The firm has a market cap of C$160.01 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 1.72 and a beta of 0.95. Enbridge has a 12 month low of C$56.51 and a 12 month high of C$73.71.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Sunday, March 1st will be issued a $0.97 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.94. This represents a $3.88 annualized dividend and a yield of 5.3%. The ex-dividend date is Tuesday, February 17th. Enbridge’s dividend payout ratio (DPR) is 146.76%.

More Enbridge News

Here are the key news stories impacting Enbridge this week:

Wall Street Analyst Weigh In

ENB has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target on Enbridge from C$67.00 to C$70.00 in a report on Thursday, December 4th. Raymond James Financial increased their target price on Enbridge from C$74.00 to C$76.00 in a report on Monday, November 10th. ATB Cormark Capital Markets set a C$72.00 price target on Enbridge and gave the company an “outperform” rating in a report on Tuesday, December 23rd. National Bank Financial increased their price objective on shares of Enbridge from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. Finally, Jefferies Financial Group lowered their price objective on shares of Enbridge from C$73.00 to C$71.00 in a research report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Enbridge currently has an average rating of “Moderate Buy” and an average target price of C$71.31.

View Our Latest Report on ENB

Enbridge Company Profile

(Get Free Report)

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.

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Earnings History for Enbridge (TSE:ENB)

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