Enbridge Inc. (NYSE:ENB – Free Report) (TSE:ENB) – Nationwide Financial institution Monetary elevated their FY2025 EPS estimates for Enbridge in a analysis observe issued to traders on Sunday, November third. Nationwide Financial institution Monetary analyst P. Kenny now expects that the pipeline firm will submit earnings of $2.13 per share for the yr, up from their earlier forecast of $1.95. The consensus estimate for Enbridge’s present full-year earnings is $2.06 per share.
Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) final introduced its quarterly earnings information on Friday, November 1st. The pipeline firm reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. Enbridge had a web margin of 13.54% and a return on fairness of 9.94%. The enterprise had income of $10.91 billion throughout the quarter, in comparison with the consensus estimate of $4.54 billion. Throughout the identical quarter within the prior yr, the agency earned $0.46 EPS.
Different analysis analysts have additionally issued analysis studies in regards to the firm. Wells Fargo & Firm upgraded Enbridge from an “underweight” ranking to an “equal weight” ranking in a analysis report on Wednesday. Jefferies Monetary Group downgraded shares of Enbridge from a “purchase” ranking to a “maintain” ranking in a report on Monday, September thirtieth. Lastly, Morgan Stanley assumed protection on shares of Enbridge in a analysis report on Friday, October twenty fifth. They issued an “equal weight” ranking on the inventory.
Enbridge Inventory Up 1.2 %
NYSE:ENB opened at $41.54 on Wednesday. The agency has a market capitalization of $90.45 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of three.97 and a beta of 0.93. Enbridge has a 52 week low of $32.76 and a 52 week excessive of $42.16. The corporate has a present ratio of 0.62, a fast ratio of 0.68 and a debt-to-equity ratio of 1.41. The inventory has a 50 day shifting common of $40.82 and a 200-day shifting common of $38.12.
Institutional Buying and selling of Enbridge
Quite a few hedge funds and different institutional traders have just lately made modifications to their positions within the inventory. Richardson Monetary Providers Inc. boosted its holdings in shares of Enbridge by 28.4% within the third quarter. Richardson Monetary Providers Inc. now owns 1,112 shares of the pipeline firm’s inventory valued at $45,000 after buying a further 246 shares within the final quarter. First PREMIER Financial institution boosted its stake in Enbridge by 1.7% throughout the third quarter. First PREMIER Financial institution now owns 15,534 shares of the pipeline firm’s inventory valued at $631,000 after buying a further 257 shares within the final quarter. Keudell Morrison Wealth Administration boosted its stake in Enbridge by 1.4% throughout the third quarter. Keudell Morrison Wealth Administration now owns 20,242 shares of the pipeline firm’s inventory valued at $822,000 after buying a further 277 shares within the final quarter. Grove Financial institution & Belief elevated its place in shares of Enbridge by 56.7% throughout the third quarter. Grove Financial institution & Belief now owns 771 shares of the pipeline firm’s inventory valued at $31,000 after buying a further 279 shares throughout the interval. Lastly, MFA Wealth Advisors LLC raised its stake in shares of Enbridge by 55.6% within the third quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline firm’s inventory value $32,000 after shopping for a further 280 shares within the final quarter. 54.60% of the inventory is presently owned by institutional traders.
Enbridge Will increase Dividend
The enterprise additionally just lately disclosed a quarterly dividend, which will likely be paid on Sunday, December 1st. Traders of file on Friday, November fifteenth will likely be paid a dividend of $0.676 per share. It is a increase from Enbridge’s earlier quarterly dividend of $0.67. This represents a $2.70 dividend on an annualized foundation and a dividend yield of 6.51%. The ex-dividend date of this dividend is Friday, November fifteenth. Enbridge’s payout ratio is presently 122.22%.
Enbridge Firm Profile
Enbridge Inc, along with its subsidiaries, operates as an vitality infrastructure firm. The corporate operates by way of 5 segments: Liquids Pipelines, Fuel Transmission and Midstream, Fuel Distribution and Storage, Renewable Energy Era, and Power Providers. The Liquids Pipelines section operates pipelines and associated terminals to move numerous grades of crude oil and different liquid hydrocarbons in Canada and america.
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