Scotiabank Has Negative Outlook for Enbridge FY2026 Earnings

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Scotiabank reduced their FY2026 EPS estimates for Enbridge in a research report issued to clients and investors on Tuesday, July 7th. Scotiabank analyst R. Hope now anticipates that the company will earn $3.00 per share for the year, down from their previous estimate of $3.03. Scotiabank has a “Sector Outperform” rating and a $78.00 price objective on the stock. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share.

A number of other analysts also recently commented on ENB. TD boosted their target price on Enbridge from C$79.00 to C$81.00 and gave the stock a “hold” rating in a research report on Thursday, June 25th. Royal Bank Of Canada boosted their price objective on shares of Enbridge from C$76.00 to C$79.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Barclays increased their price objective on shares of Enbridge from C$68.00 to C$73.00 in a research note on Tuesday, April 7th. National Bank Financial raised their target price on shares of Enbridge from C$73.00 to C$81.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. Finally, Raymond James Financial lifted their target price on shares of Enbridge from C$78.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Enbridge has a consensus rating of “Moderate Buy” and a consensus price target of C$75.50.

Enbridge Stock Performance

ENB opened at C$78.11 on Wednesday. Enbridge has a 1-year low of C$59.68 and a 1-year high of C$80.65. The stock has a market cap of C$170.57 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.72 and a beta of 0.73. The stock’s 50 day simple moving average is C$77.03 and its 200 day simple moving average is C$72.47. The company has a debt-to-equity ratio of 168.58, a current ratio of 0.81 and a quick ratio of 0.44.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings results on Friday, May 8th. The company reported C$0.98 earnings per share (EPS) for the quarter. The company had revenue of C$22.36 billion during the quarter. Enbridge had a net margin of 9.43% and a return on equity of 11.11%.

Insider Transactions at Enbridge

In related news, Director Mayank Mulraj Ashar sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of C$78.08, for a total transaction of C$390,400.00. Following the transaction, the director owned 45,000 shares of the company’s stock, valued at approximately C$3,513,600. This represents a 10.00% decrease in their ownership of the stock. Also, insider Melissa Marie Laforge sold 855 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$80.16, for a total transaction of C$68,536.80. Following the sale, the insider owned 7,904 shares in the company, valued at approximately C$633,584.64. This trade represents a 9.76% decrease in their position. Over the last 90 days, insiders sold 8,855 shares of company stock worth $695,547. 0.10% of the stock is owned by insiders.

Enbridge Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, June 1st were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Friday, May 15th. Enbridge’s dividend payout ratio is 128.73%.

Enbridge Company Profile

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.