Scotiabank Estimates Enbridge’s FY2026 Earnings (NYSE:ENB)

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Research analysts at Scotiabank lifted their FY2026 earnings estimates for Enbridge in a report issued on Thursday, February 19th. Scotiabank analyst R. Hope now expects that the pipeline company will post earnings per share of $2.25 for the year, up from their prior forecast of $2.22. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.14 per share.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $17.18 billion for the quarter, compared to analyst estimates of $9.10 billion. Enbridge had a return on equity of 11.19% and a net margin of 11.30%.During the same period in the prior year, the company posted $0.75 EPS.

Several other equities analysts also recently issued reports on the stock. Raymond James Financial raised shares of Enbridge to a “moderate buy” rating in a report on Tuesday, February 17th. National Bank Financial reiterated a “sector perform” rating on shares of Enbridge in a research note on Monday, November 10th. Weiss Ratings raised Enbridge from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. JPMorgan Chase & Co. cut Enbridge from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 27th. Finally, TD Securities downgraded Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.00.

Enbridge Stock Up 0.1%

Shares of NYSE:ENB opened at $52.42 on Monday. The company’s fifty day moving average is $48.59 and its 200-day moving average is $48.26. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.55 and a current ratio of 0.63. Enbridge has a 52 week low of $39.73 and a 52 week high of $54.19. The company has a market capitalization of $114.36 billion, a PE ratio of 22.79 and a beta of 0.69.

Hedge Funds Weigh In On Enbridge

Several hedge funds have recently added to or reduced their stakes in ENB. MIdWestOne Financial Group Inc. raised its holdings in shares of Enbridge by 4.3% during the 4th quarter. MIdWestOne Financial Group Inc. now owns 4,906 shares of the pipeline company’s stock valued at $235,000 after purchasing an additional 203 shares in the last quarter. Sumitomo Life Insurance Co. raised its position in shares of Enbridge by 1.1% during the fourth quarter. Sumitomo Life Insurance Co. now owns 18,621 shares of the pipeline company’s stock valued at $891,000 after buying an additional 205 shares during the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of Enbridge by 4.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 4,914 shares of the pipeline company’s stock worth $235,000 after purchasing an additional 208 shares in the last quarter. IHT Wealth Management LLC increased its holdings in Enbridge by 1.2% in the 2nd quarter. IHT Wealth Management LLC now owns 18,084 shares of the pipeline company’s stock valued at $820,000 after buying an additional 213 shares during the period. Finally, Blue Fin Capital Inc. lifted its stake in Enbridge by 1.3% during the fourth quarter. Blue Fin Capital Inc. now owns 16,028 shares of the pipeline company’s stock worth $767,000 after purchasing an additional 213 shares during the period. Institutional investors own 54.60% of the company’s stock.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.97 per share. The ex-dividend date is Tuesday, February 17th. This is an increase from Enbridge’s previous quarterly dividend of $0.94. This represents a $3.88 dividend on an annualized basis and a dividend yield of 7.4%. Enbridge’s dividend payout ratio is presently 120.87%.

About Enbridge

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.