Scotiabank Has Negative Outlook for Enbridge FY2026 Earnings

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Research analysts at Scotiabank lowered their FY2026 EPS estimates for shares of Enbridge in a report released on Thursday, October 22nd. Scotiabank analyst R. Hope now expects that the pipeline company will post earnings of $2.08 per share for the year, down from their prior forecast of $2.11. Scotiabank has a “Strong-Buy” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.08 per share. Scotiabank also issued estimates for Enbridge’s FY2027 earnings at $2.26 EPS.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $8.67 billion. During the same quarter in the prior year, the company earned $0.65 EPS.

Several other research firms have also commented on ENB. Wolfe Research set a $50.00 price objective on shares of Enbridge in a research note on Tuesday, August 4th. TD upgraded Enbridge to a “buy” rating in a research note on Tuesday, September 15th. Royal Bank Of Canada upped their target price on Enbridge from $79.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of Enbridge in a research report on Monday, September 14th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Enbridge in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Enbridge currently has a consensus rating of “Moderate Buy” and an average target price of $65.88.

Enbridge Stock Up 0.3%

Shares of ENB stock opened at $48.41 on Monday. Enbridge has a 52-week low of $45.03 and a 52-week high of $58.45. The company has a 50-day simple moving average of $48.39 and a two-hundred day simple moving average of $52.09.

Institutional Trading of Enbridge

Large investors have recently added to or reduced their stakes in the stock. GK Wealth Management LLC bought a new stake in Enbridge in the third quarter worth about $25,000. Arlington Trust Co LLC grew its position in shares of Enbridge by 114.6% during the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 267 shares during the period. Quintet Private Bank Europe S.A. grew its position in shares of Enbridge by 100.0% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 600 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 300 shares during the period. City Holding Co. increased its stake in shares of Enbridge by 121.5% during the 2nd quarter. City Holding Co. now owns 649 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 356 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. increased its stake in shares of Enbridge by 99.7% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 691 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 345 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Company Profile

Enbridge Inc is a Canadian energy infrastructure company that operates one of the largest pipeline and energy delivery networks in North America. Its businesses transport crude oil and other liquid hydrocarbons, move and store natural gas, and deliver natural gas to residential, commercial and industrial customers.

The company’s operations span Canada and the United States, including extensive pipeline systems serving major producing regions, refineries and population centers. Enbridge also develops and operates renewable power assets, including offshore and onshore wind projects, solar facilities and other lower-carbon energy infrastructure.

Enbridge traces its history to the Interprovincial Pipe Line Company, founded in 1949 to transport Canadian crude oil.