US Capital Advisors Lifts Earnings Estimates for Enbridge

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Investment analysts at US Capital Advisors raised their Q1 2025 earnings per share (EPS) estimates for shares of Enbridge in a research note issued to investors on Monday, April 28th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings per share of $0.68 for the quarter, up from their prior estimate of $0.64. The consensus estimate for Enbridge’s current full-year earnings is $2.14 per share.

Enbridge (NYSE:ENB) (TSE:ENB) last released its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. The company had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same period in the previous year, the company posted $0.64 EPS.

Several other equities analysts have also recently issued reports on the company. CIBC reiterated an “outperform” rating on shares of Enbridge in a research note on Wednesday, March 5th. Citigroup started coverage on Enbridge in a research note on Friday, April 4th. They set a “buy” rating for the company. Raymond James upgraded Enbridge to a “moderate buy” rating in a research note on Wednesday, April 23rd. Royal Bank of Canada boosted their target price on Enbridge from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, TD Securities assumed coverage on Enbridge in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.00.

Enbridge Stock Performance

NYSE ENB opened at $46.63 on Tuesday. The company has a market cap of $101.66 billion, a P/E ratio of 27.11, a P/E/G ratio of 3.92 and a beta of 0.80. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54. The stock has a 50-day moving average of $43.42 and a two-hundred day moving average of $43.02. Enbridge has a 1-year low of $34.60 and a 1-year high of $46.70.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th will be given a dividend of $0.679 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.72 dividend on an annualized basis and a yield of 5.82%. This is a boost from Enbridge’s previous quarterly dividend of $0.67. Enbridge’s payout ratio is presently 157.56%.

Hedge Funds Weigh In On Enbridge

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENB. Morse Asset Management Inc purchased a new stake in shares of Enbridge during the third quarter worth about $106,000. Barclays PLC lifted its position in shares of Enbridge by 8.3% during the third quarter. Barclays PLC now owns 584,020 shares of the pipeline company’s stock worth $23,717,000 after purchasing an additional 44,675 shares in the last quarter. McIlrath & Eck LLC lifted its position in shares of Enbridge by 74.9% during the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Passumpsic Savings Bank lifted its position in shares of Enbridge by 2.4% during the third quarter. Passumpsic Savings Bank now owns 11,575 shares of the pipeline company’s stock worth $470,000 after purchasing an additional 276 shares in the last quarter. Finally, Anchor Investment Management LLC raised its holdings in Enbridge by 0.5% in the third quarter. Anchor Investment Management LLC now owns 123,012 shares of the pipeline company’s stock valued at $4,996,000 after acquiring an additional 581 shares in the last quarter. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.