Scotiabank Comments on Enbridge’s FY2026 Earnings (NYSE:ENB)

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Analysts at Scotiabank cut their FY2026 earnings estimates for Enbridge in a research report issued on Wednesday, November 11th. Scotiabank analyst R. Hope now expects that the pipeline company will post earnings per share of $2.04 for the year, down from their prior forecast of $2.08. Scotiabank currently has a “Strong-Buy” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.10 per share. Scotiabank also issued estimates for Enbridge’s FY2027 earnings at $2.22 EPS.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, November 6th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $21.08 billion during the quarter, compared to the consensus estimate of $9.62 billion. Enbridge had a net margin of 7.37% and a return on equity of 11.56%.

A number of other research firms have also weighed in on ENB. National Bank Financial raised shares of Enbridge from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, September 15th. BMO Capital Markets raised Enbridge from a “market perform” rating to an “outperform” rating and set a $79.50 price target on the stock in a research report on Monday, September 14th. US Capital Advisors upgraded Enbridge from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 20th. TD Securities reiterated a “buy” rating on shares of Enbridge in a research note on Friday, October 16th. Finally, Weiss Ratings cut Enbridge from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, November 2nd. One equities research 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 stock. According to MarketBeat.com, Enbridge presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.88.

Enbridge Stock Performance

NYSE:ENB opened at $48.09 on Friday. The firm has a market capitalization of $107.18 billion, a PE ratio of 23.57, a PEG ratio of 5.71 and a beta of 0.59. Enbridge has a 1 year low of $45.03 and a 1 year high of $58.45. The company has a current ratio of 0.81, a quick ratio of 0.66 and a debt-to-equity ratio of 1.66. The firm’s fifty day simple moving average is $47.88 and its 200 day simple moving average is $52.18.

Hedge Funds Weigh In On Enbridge

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG bought a new stake in Enbridge in the 2nd quarter valued at $1,850,502,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Enbridge by 18.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,624,547 shares of the pipeline company’s stock worth $1,117,353,000 after purchasing an additional 3,205,322 shares during the period. TD Waterhouse Canada Inc. increased its holdings in shares of Enbridge by 1.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 16,456,664 shares of the pipeline company’s stock worth $760,553,000 after purchasing an additional 266,866 shares during the period. Amundi raised its position in shares of Enbridge by 8.5% during the second quarter. Amundi now owns 11,948,497 shares of the pipeline company’s stock valued at $647,728,000 after buying an additional 936,435 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Enbridge by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 11,079,469 shares of the pipeline company’s stock valued at $599,709,000 after buying an additional 268,800 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.

Enbridge Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be paid a C$0.97 dividend. The ex-dividend date is Friday, November 13th. This represents a $3.88 annualized dividend and a dividend yield of 8.1%. Enbridge’s dividend payout ratio (DPR) is presently 134.80%.

Enbridge Company Profile

Enbridge Inc. is a North American energy infrastructure company that transports and distributes energy. Its businesses include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas utilities that serve homes and businesses. Founded in 1949 as Interprovincial Pipe Line Company, Enbridge has grown into a cross-border operator serving customers and energy markets in Canada and the United States. Its infrastructure moves crude oil, natural gas and natural gas liquids, connecting producers with refineries, utilities and other markets.