Scotiabank Has Bullish Outlook for Enbridge FY2027 Earnings

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Equities research analysts at Scotiabank boosted their FY2027 earnings per share (EPS) estimates for Enbridge in a research report issued to clients and investors on Thursday, February 19th. Scotiabank analyst R. Hope now forecasts that the pipeline company will post earnings per share of $2.46 for the year, up from their previous forecast of $2.39. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.14 per share.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada upped their target price on Enbridge from $72.00 to $76.00 and gave the company an “outperform” rating in a report on Tuesday. Raymond James Financial upgraded shares of Enbridge to a “moderate buy” rating in a research note on Tuesday. BMO Capital Markets reaffirmed a “market perform” rating on shares of Enbridge in a research report on Tuesday. Weiss Ratings raised Enbridge from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Finally, Citigroup reiterated a “buy” rating on shares of Enbridge in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Enbridge Stock Performance

ENB opened at $51.82 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.68 and a debt-to-equity ratio of 1.70. Enbridge has a twelve month low of $39.73 and a twelve month high of $54.19. The business’s 50 day moving average is $48.31 and its 200-day moving average is $48.14. The stock has a market cap of $113.06 billion, a PE ratio of 22.53 and a beta of 0.69.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm had revenue of $17.18 billion during the quarter, compared to analyst estimates of $9.10 billion. Enbridge had a return on equity of 11.19% and a net margin of 11.30%.During the same period in the previous year, the company earned $0.75 earnings per share.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Tuesday, February 17th will be given a $0.97 dividend. 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 annualized dividend and a dividend yield of 7.5%. Enbridge’s payout ratio is currently 120.87%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENB. Tsfg LLC lifted its holdings in shares of Enbridge by 329.6% during the 3rd quarter. Tsfg LLC now owns 494 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 379 shares during the period. Triumph Capital Management bought a new stake in shares of Enbridge during the 3rd quarter valued at about $26,000. Highline Wealth Partners LLC increased its stake in shares of Enbridge by 73.1% in the 3rd quarter. Highline Wealth Partners LLC now owns 559 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 236 shares in the last quarter. Turning Point Benefit Group Inc. bought a new position in Enbridge in the third quarter worth approximately $28,000. Finally, Whipplewood Advisors LLC raised its holdings in Enbridge by 112.4% during the second quarter. Whipplewood Advisors LLC now owns 582 shares of the pipeline company’s stock worth $26,000 after buying an additional 308 shares during the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

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.