Scotiabank Forecasts Enbridge’s FY2026 Earnings (NYSE:ENB)

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Scotiabank reduced their FY2026 EPS estimates for Enbridge in a note issued to investors on Tuesday, July 7th. Scotiabank analyst R. Hope now anticipates that the pipeline company will post earnings of $2.11 per share for the year, down from their previous estimate of $2.21. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.16 per share.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, May 8th. The pipeline company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. Enbridge had a return on equity of 11.21% and a net margin of 9.83%.The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $8.49 billion. During the same quarter in the prior year, the business posted $1.03 EPS.

A number of other analysts have also recently commented on ENB. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Enbridge in a research note on Monday, May 11th. Wall Street Zen downgraded Enbridge from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Royal Bank Of Canada boosted their price target on Enbridge from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Enbridge in a research note on Friday, May 22nd. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Enbridge presently has a consensus rating of “Moderate Buy” and an average target price of $66.50.

Enbridge Price Performance

Shares of ENB stock opened at $55.06 on Wednesday. Enbridge has a fifty-two week low of $43.59 and a fifty-two week high of $58.45. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.73 and a current ratio of 0.81. The firm has a market capitalization of $120.26 billion, a price-to-earnings ratio of 25.85 and a beta of 0.58. The stock’s 50-day simple moving average is $55.37 and its 200-day simple moving average is $52.52.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ENB. 55 North Private Wealth LLC purchased a new position in shares of Enbridge in the 2nd quarter valued at about $251,000. Evanson Financial LLC purchased a new stake in shares of Enbridge in the second quarter valued at approximately $917,000. Balefire LLC increased its position in shares of Enbridge by 11.2% in the second quarter. Balefire LLC now owns 12,670 shares of the pipeline company’s stock valued at $687,000 after buying an additional 1,273 shares in the last quarter. Graves Light Lenhart Wealth Inc. lifted its position in shares of Enbridge by 2.6% during the 2nd quarter. Graves Light Lenhart Wealth Inc. now owns 9,169 shares of the pipeline company’s stock valued at $497,000 after buying an additional 234 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Enbridge by 129.1% during the 2nd quarter. GAMMA Investing LLC now owns 3,056 shares of the pipeline company’s stock valued at $166,000 after buying an additional 1,722 shares in the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Friday, May 15th. Enbridge’s dividend payout ratio (DPR) is 133.80%.

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.