Scotiabank Issues Pessimistic Forecast for Enbridge Earnings

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Analysts at Scotiabank cut their FY2026 EPS estimates for shares of Enbridge in a research report issued on Thursday, October 22nd. Scotiabank analyst R. Hope now expects that the company will post earnings of $2.93 per share for the year, down from their prior forecast of $2.94. Scotiabank currently has a “Strong-Buy” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. Scotiabank also issued estimates for Enbridge’s FY2027 earnings at $3.18 EPS.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings results on Friday, July 31st. The company reported C$0.63 earnings per share for the quarter. The firm had revenue of C$29.32 billion during the quarter. Enbridge had a net margin of 7.28% and a return on equity of 10.01%.

Other equities research analysts have also recently issued reports about the stock. US Capital Advisors raised shares of Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. ATB Cormark Capital Markets raised their price target on Enbridge from C$83.00 to C$84.00 and gave the stock an “outperform” rating in a report on Tuesday, September 15th. Raymond James Financial boosted their price target on Enbridge from C$79.00 to C$80.00 and gave the company a “market perform” rating in a research report on Tuesday, September 15th. TD upgraded Enbridge from a “hold” rating to a “buy” rating and dropped their price target for the company from C$82.00 to C$81.00 in a research report on Tuesday, September 15th. Finally, BMO Capital Markets raised Enbridge from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$79.00 to C$79.50 in a research note on Tuesday, September 15th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$77.62.

Enbridge Trading Up 0.4%

Shares of Enbridge stock opened at C$67.65 on Monday. The company has a debt-to-equity ratio of 171.59, a quick ratio of 0.44 and a current ratio of 0.72. The company has a market capitalization of C$150.78 billion, a P/E ratio of 26.12, a PEG ratio of 1.72 and a beta of 0.72. Enbridge has a 1 year low of C$62.42 and a 1 year high of C$80.65. The company’s fifty day moving average is C$67.93 and its two-hundred day moving average is C$72.29.

Enbridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date was Friday, August 14th. Enbridge’s dividend payout ratio (DPR) is 147.68%.

Insider Buying and Selling at Enbridge

In other news, insider Michele Eva Harradence acquired 7,105 shares of the business’s stock in a transaction on Monday, September 14th. The stock was bought at an average price of C$67.28 per share, for a total transaction of C$478,024.40. Following the transaction, the insider owned 87,467 shares in the company, valued at C$5,884,779.76. This represents a 8.84% increase in their ownership of the stock. Also, Director Gregory Lorne Ebel bought 7,105 shares of Enbridge stock in a transaction dated Monday, September 14th. The stock was purchased at an average price of C$66.85 per share, with a total value of C$474,969.25. Following the purchase, the director directly owned 589,721 shares in the company, valued at approximately C$39,422,848.85. This trade represents a 1.22% increase in their position. Insiders own 0.10% of the company’s stock.

Enbridge Company Profile

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.