Scotiabank Has Negative Outlook of Enbridge FY2026 Earnings

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Investment analysts at Scotiabank reduced their FY2026 EPS estimates for Enbridge in a research report issued to clients and investors on Thursday, May 14th. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings per share of $2.21 for the year, down from their prior forecast of $2.22. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.18 per share.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, May 8th. The pipeline company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $8.49 billion. Enbridge had a net margin of 9.83% and a return on equity of 11.21%. During the same quarter in the previous year, the company earned $1.03 EPS.

ENB has been the topic of a number of other research reports. Citigroup reissued a “buy” rating on shares of Enbridge in a research note on Thursday, February 19th. Royal Bank Of Canada lifted their price target on Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a research note on Monday. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Enbridge in a research report on Monday. Weiss Ratings raised Enbridge from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. downgraded Enbridge from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 27th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.50.

Enbridge Stock Performance

NYSE ENB opened at $56.18 on Friday. Enbridge has a 52-week low of $43.59 and a 52-week high of $56.22. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.55 and a current ratio of 0.81. The company has a market capitalization of $122.69 billion, a P/E ratio of 26.38 and a beta of 0.59. The company has a fifty day moving average of $53.85 and a 200-day moving average of $50.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Retirement Planning Group LLC boosted its holdings in Enbridge by 3.6% during the 1st quarter. Retirement Planning Group LLC now owns 5,357 shares of the pipeline company’s stock valued at $290,000 after acquiring an additional 187 shares during the period. PFG Investments LLC boosted its stake in shares of Enbridge by 0.9% during the first quarter. PFG Investments LLC now owns 22,208 shares of the pipeline company’s stock valued at $1,202,000 after purchasing an additional 202 shares during the period. MIdWestOne Financial Group Inc. boosted its stake in shares of Enbridge by 4.3% during the fourth quarter. MIdWestOne Financial Group Inc. now owns 4,906 shares of the pipeline company’s stock valued at $235,000 after purchasing an additional 203 shares during the period. Sumitomo Life Insurance Co. grew its holdings in shares of Enbridge by 1.1% in the fourth quarter. Sumitomo Life Insurance Co. now owns 18,621 shares of the pipeline company’s stock worth $891,000 after purchasing an additional 205 shares during the last quarter. Finally, Arete Wealth Advisors LLC increased its stake in shares of Enbridge by 4.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 4,914 shares of the pipeline company’s stock worth $235,000 after buying an additional 208 shares during the period. 54.60% of the stock is owned by institutional investors.

Enbridge Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $3.88 annualized dividend and a yield of 6.9%. Enbridge’s payout ratio is currently 130.52%.

About Enbridge

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.