Enbridge Inc to Post FY2019 Earnings of $2.67 Per Share, National Bank Financial Forecasts (TSE:ENB)

Enbridge Inc (TSE:ENB) (NYSE:ENB) – Investment analysts at National Bank Financial lifted their FY2019 EPS estimates for shares of Enbridge in a report released on Sunday, November 10th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $2.67 for the year, up from their previous estimate of $2.59.

Other analysts have also recently issued reports about the stock. US Capital Advisors reaffirmed an “overweight” rating on shares of Enbridge in a research note on Friday, October 25th. Citigroup lifted their target price on shares of Enbridge from C$46.00 to C$51.00 in a research note on Thursday, November 7th. CIBC lowered their target price on shares of Enbridge from C$57.00 to C$56.00 in a research note on Wednesday, October 23rd. Royal Bank of Canada lifted their target price on shares of Enbridge from C$54.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, GMP Securities lowered their target price on shares of Enbridge from C$60.00 to C$59.00 in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Enbridge has a consensus rating of “Buy” and a consensus target price of C$55.10.

ENB stock opened at C$51.37 on Tuesday. The stock has a market capitalization of $98.48 billion and a P/E ratio of 20.96. The company has a debt-to-equity ratio of 92.29, a quick ratio of 0.51 and a current ratio of 0.63. Enbridge has a one year low of C$39.69 and a one year high of C$51.38. The company has a 50 day moving average price of C$47.60 and a two-hundred day moving average price of C$47.09.

In other Enbridge news, Senior Officer Bradley Francis Shamla sold 2,537 shares of Enbridge stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$47.30, for a total value of C$120,000.10. Following the transaction, the insider now owns 46,035 shares in the company, valued at approximately C$2,177,455.50.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be issued a $0.738 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.95 dividend on an annualized basis and a dividend yield of 5.75%. Enbridge’s dividend payout ratio (DPR) is presently 117.71%.

Enbridge Company Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

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Earnings History and Estimates for Enbridge (TSE:ENB)

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