Brokers Offer Predictions for Enbridge Inc’s FY2018 Earnings (ENB)
Enbridge Inc (TSE:ENB) (NYSE:ENB) – Stock analysts at National Bank Financial dropped their FY2018 earnings per share (EPS) estimates for shares of Enbridge in a research report issued to clients and investors on Thursday. National Bank Financial analyst P. Kenny now expects that the company will post earnings of $2.84 per share for the year, down from their previous forecast of $3.14.
A number of other equities research analysts have also issued reports on ENB. GMP Securities dropped their price objective on shares of Enbridge from C$64.00 to C$61.25 in a report on Friday, June 16th. TD Securities dropped their price objective on shares of Enbridge from C$64.00 to C$62.00 and set a “buy” rating for the company in a report on Friday, May 12th. Royal Bank Of Canada dropped their price objective on shares of Enbridge from C$67.00 to C$64.00 and set an “outperform” rating for the company in a report on Monday, June 12th. Finally, Scotiabank reissued an “outperform” rating and issued a C$62.00 price objective on shares of Enbridge in a report on Monday, May 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$63.77.
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Enbridge (TSE ENB) opened at 52.57 on Monday. Enbridge has a 1-year low of $49.61 and a 1-year high of $59.19. The stock has a market capitalization of $86.15 billion and a PE ratio of 43.74. The company’s 50 day moving average is $51.58 and its 200-day moving average is $54.41.
In related news, Director Albert Monaco bought 20,000 shares of the stock in a transaction on Tuesday, June 13th. The stock was bought at an average price of C$51.11 per share, with a total value of C$1,022,200.00. Also, insider William Turner Yardley sold 4,252 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of C$39.81, for a total transaction of C$169,272.12.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend is Friday, August 11th.
Enbridge Company Profile
Enbridge Inc engages in energy transportation activities in the United States and Canada. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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