Scotiabank Issues Pessimistic Forecast for Enbridge Earnings

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

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

Enbridge Stock Performance

TSE ENB opened at C$78.11 on Wednesday. The company has a fifty day moving average of C$77.03 and a two-hundred day moving average of C$72.47. The company has a market capitalization of C$170.57 billion, a PE ratio of 26.48, a P/E/G ratio of 1.72 and a beta of 0.73. Enbridge has a 1 year low of C$59.68 and a 1 year high of C$80.65. 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 announced its quarterly earnings results on Friday, May 8th. The company reported C$0.98 EPS for the quarter. Enbridge had a net margin of 9.43% and a return on equity of 11.11%. The firm had revenue of C$22.36 billion for the quarter.

Insider Transactions at Enbridge

In other news, insider Melissa Marie Laforge sold 855 shares of the 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 completion of the transaction, the insider directly owned 7,904 shares of the company’s stock, valued at approximately C$633,584.64. This represents a 9.76% decrease in their position. Also, Director Mayank Mulraj Ashar sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of C$78.87, for a total value of C$236,610.00. Following the transaction, the director directly owned 42,000 shares of the company’s stock, valued at approximately C$3,312,540. This trade represents a 6.67% decrease in their ownership of the stock. In the last 90 days, insiders sold 8,855 shares of company stock valued at $695,547. 0.10% of the stock is owned by insiders.

Enbridge Dividend Announcement

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