US Capital Advisors Raises Earnings Estimates for Enbridge

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Stock analysts at US Capital Advisors boosted their Q1 2027 earnings per share estimates for shares of Enbridge in a report issued on Thursday, August 20th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $0.78 per share for the quarter, up from their previous estimate of $0.74. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.11 per share. US Capital Advisors also issued estimates for Enbridge’s FY2028 earnings at $2.62 EPS.

Other analysts also recently issued research reports about the stock. Wolfe Research set a $50.00 price target on shares of Enbridge in a research report on Tuesday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Enbridge in a research report on Wednesday, August 19th. BMO Capital Markets restated a “market perform” rating on shares of Enbridge in a research note on Monday, August 3rd. TD Securities reaffirmed a “hold” rating on shares of Enbridge in a report on Thursday, July 16th. Finally, Scotiabank reissued an “outperform” rating on shares of Enbridge in a report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Enbridge has an average rating of “Hold” and an average target price of $67.00.

Enbridge Price Performance

Shares of NYSE ENB opened at $50.08 on Monday. The stock has a market cap of $109.37 billion, a P/E ratio of 26.78 and a beta of 0.58. Enbridge has a twelve month low of $45.03 and a twelve month high of $58.45. The stock has a 50 day moving average of $54.02 and a two-hundred day moving average of $54.04. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.69.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $8.67 billion. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.During the same quarter last year, the business posted $0.65 EPS.

Hedge Funds Weigh In On Enbridge

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in shares of Enbridge in the 2nd quarter worth $1,223,000. Kintra Wealth LLC boosted its holdings in shares of Enbridge by 63.4% in the second quarter. Kintra Wealth LLC now owns 6,843 shares of the pipeline company’s stock valued at $351,000 after acquiring an additional 2,654 shares in the last quarter. Beaird Harris Wealth Management LLC increased its stake in shares of Enbridge by 29.6% during the second quarter. Beaird Harris Wealth Management LLC now owns 2,813 shares of the pipeline company’s stock worth $152,000 after acquiring an additional 642 shares during the period. HB Wealth Management LLC increased its stake in shares of Enbridge by 2.8% during the second quarter. HB Wealth Management LLC now owns 29,571 shares of the pipeline company’s stock worth $1,603,000 after acquiring an additional 799 shares during the period. Finally, NBH Bank purchased a new position in Enbridge during the second quarter worth about $597,000. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.88 annualized dividend and a dividend yield of 7.7%. Enbridge’s dividend payout ratio (DPR) is currently 147.06%.

Enbridge Company Profile

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.