Scotiabank Issues Pessimistic Estimate for Enbridge Earnings

Enbridge Inc. (TSE:ENB) (NYSE:ENB) – Research analysts at Scotiabank reduced their FY2026 earnings estimates for shares of Enbridge in a research note issued to investors on Tuesday, August 4th. Scotiabank analyst R. Hope now expects that the company will earn $2.96 per share for the year, down from their previous forecast of $3.00. Scotiabank has a “Sector Outperform” rating and a $84.00 price target on the stock. The consensus estimate for Enbridge’s current full-year earnings is $3.51 per share. Scotiabank also issued estimates for Enbridge’s FY2027 earnings at $3.25 EPS.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Friday, July 31st. The company reported C$0.63 earnings per share (EPS) for the quarter. The company had revenue of C$29.32 billion for the quarter. Enbridge had a net margin of 7.28% and a return on equity of 10.01%.

A number of other research firms have also issued reports on ENB. National Bank Financial raised their price target on Enbridge from C$73.00 to C$81.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Royal Bank Of Canada increased their price objective on Enbridge from C$76.00 to C$79.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. TD lifted their target price on Enbridge from C$79.00 to C$81.00 and gave the company a “hold” rating in a research note on Thursday, June 25th. Finally, Raymond James Financial lowered Enbridge from a “moderate buy” rating to a “hold” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$76.00.

Enbridge Price Performance

Shares of TSE:ENB opened at C$72.71 on Thursday. The company has a 50-day simple moving average of C$77.80 and a 200-day simple moving average of C$74.43. Enbridge has a one year low of C$62.42 and a one year high of C$80.65. The company has a debt-to-equity ratio of 171.59, a quick ratio of 0.44 and a current ratio of 0.72. The stock has a market capitalization of C$158.80 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 1.72 and a beta of 0.74.

Enbridge Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a yield of 5.3%. Enbridge’s dividend payout ratio (DPR) is 147.68%.

Insider Transactions at Enbridge

In other Enbridge news, insider Melissa Marie Laforge sold 855 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of C$80.16, for a total transaction of C$68,536.80. Following the sale, the insider directly owned 7,904 shares in the company, valued at approximately C$633,584.64. The trade was a 9.76% decrease in their ownership of the stock. Also, Director Mayank Mulraj Ashar sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of C$78.08, for a total value of C$390,400.00. Following the completion of the sale, the director directly owned 45,000 shares in the company, valued at C$3,513,600. This trade represents a 10.00% decrease in their position. Over the last ninety days, insiders sold 8,855 shares of company stock valued at $695,547. 0.10% of the stock is currently owned by corporate insiders.

About Enbridge

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.