Scotiabank Issues Pessimistic Forecast for Enbridge Earnings

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Stock analysts at Scotiabank cut their FY2026 EPS estimates for Enbridge in a research note issued to investors on Wednesday, November 11th. Scotiabank analyst R. Hope now forecasts that the company will earn $2.90 per share for the year, down from their previous forecast of $2.93. Scotiabank has a “Strong-Buy” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. Scotiabank also issued estimates for Enbridge’s FY2027 earnings at $3.16 EPS.

A number of other equities research analysts have also issued reports on the stock. TD upgraded shares of Enbridge from a “hold” rating to a “buy” rating and cut their target price for the company from C$82.00 to C$81.00 in a research note on Tuesday, September 15th. National Bank Financial upgraded Enbridge from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$81.00 to C$82.00 in a research note on Tuesday, September 15th. TD Securities upgraded Enbridge from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 14th. The Goldman Sachs Group raised Enbridge to a “hold” rating in a report on Wednesday, September 30th. Finally, Jefferies Financial Group lowered their price objective on Enbridge from C$79.00 to C$70.00 in a report on Tuesday, September 1st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$77.62.

Enbridge Price Performance

ENB opened at C$68.57 on Friday. The company has a 50-day moving average of C$67.38 and a 200-day moving average of C$72.53. The company has a market capitalization of C$152.83 billion, a P/E ratio of 23.81, a PEG ratio of 1.72 and a beta of 0.74. Enbridge has a 1-year low of C$62.42 and a 1-year high of C$80.65. The company has a debt-to-equity ratio of 171.59, a quick ratio of 0.44 and a current ratio of 0.72.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings data on Friday, November 6th. The company reported C$0.49 EPS for the quarter. The firm had revenue of C$21.08 billion for the quarter. Enbridge had a net margin of 7.54% and a return on equity of 10.43%.

Enbridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, December 1st will be paid a dividend of $0.97 per share. The ex-dividend date is Friday, November 13th. This represents a $3.88 annualized dividend and a yield of 5.7%. Enbridge’s dividend payout ratio (DPR) is 133.77%.

Insider Buying and Selling at Enbridge

In other Enbridge news, insider Michele Eva Harradence acquired 7,105 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was purchased at an average price of C$67.28 per share, with a total value of C$478,024.40. Following the completion of the acquisition, the insider directly owned 87,467 shares in the company, valued at C$5,884,779.76. This trade represents a 8.84% increase in their position. Also, Director Gregory Lorne Ebel acquired 7,105 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was acquired at an average cost of C$66.85 per share, with a total value of C$474,969.25. Following the acquisition, the director owned 589,721 shares of the company’s stock, valued at C$39,422,848.85. This trade represents a 1.22% increase in their ownership of the stock. Company insiders own 0.10% of the company’s stock.

About Enbridge

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.