Enbridge Stock – Enbridge Inc. (TSE:ENB) to Post FY2021 Earnings of $2.60 Per Share, National Bank Financial Forecasts
Enbridge Inc. (TSE:ENB) (NYSE:ENB) – National Bank Financial raised their FY2021 earnings estimates for Enbridge in a report released on Sunday, May 9th. National Bank Financial analyst P. Kenny now expects that the company will earn $2.60 per share for the year, up from their previous estimate of $2.50. National Bank Financial currently has a “Outperform” rating and a $51.00 target price on the stock. National Bank Financial also issued estimates for Enbridge’s FY2022 earnings at $2.91 EPS. Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings results on Friday, February 12th. The company reported C$0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.60 by C($0.04). The firm had revenue of C$10.01 billion during the quarter.
ENB has been the subject of a number of other reports. Raymond James increased their price objective on shares of Enbridge to C$53.00 and gave the stock an “outperform” rating in a research note on Monday. Royal Bank of Canada restated an “outperform” rating and issued a C$52.00 price target on shares of Enbridge in a research note on Tuesday, April 6th. Tudor Pickering & Holt set a C$51.00 price objective on Enbridge and gave the company a “buy” rating in a report on Friday. Credit Suisse Group boosted their target price on shares of Enbridge from C$48.00 to C$50.00 in a report on Friday, January 29th. Finally, CIBC reiterated an “outperform” rating and issued a C$52.00 price target on shares of Enbridge in a research note on Friday. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$51.50.
TSE ENB opened at C$48.43 on Tuesday. Enbridge has a 12-month low of C$35.80 and a 12-month high of C$49.13. The firm’s 50 day moving average is C$46.67 and its 200-day moving average is C$43.25. The company has a market capitalization of C$98.10 billion and a PE ratio of 32.79. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 106.33.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 14th will be paid a $0.835 dividend. The ex-dividend date is Thursday, May 13th. This represents a $3.34 annualized dividend and a yield of 6.90%. Enbridge’s dividend payout ratio (DPR) is presently 219.36%.
Enbridge Inc operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
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7 Stocks to Support Your New Year’s Resolutions
After a year like 2020, many Americans figure that just getting to 2021 was enough. But for many people, the start of a new year still means making resolutions. And while many Americans are still waking up to Groundhog’s Day, there is hope that things will look dramatically different in September than they do right now.
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View the “7 Stocks to Support Your New Year’s Resolutions”.