Enbridge Inc Expected to Post Q4 2019 Earnings of $0.48 Per Share (NYSE:ENB)

Enbridge Inc (NYSE:ENB) (TSE:ENB) – Analysts at National Bank Financial issued their Q4 2019 earnings estimates for Enbridge in a research note issued to investors on Tuesday, February 11th. National Bank Financial analyst P. Kenny forecasts that the pipeline company will post earnings of $0.48 per share for the quarter.

A number of other equities analysts also recently issued reports on ENB. Evercore ISI reaffirmed a “hold” rating and set a $48.00 price target on shares of Enbridge in a research report on Tuesday, November 12th. Barclays upped their price target on Enbridge from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. CIBC reaffirmed a “buy” rating and set a $56.00 price target on shares of Enbridge in a research report on Wednesday, December 11th. Bank of America initiated coverage on Enbridge in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price target on the stock. Finally, Morgan Stanley initiated coverage on Enbridge in a research report on Monday, January 6th. They set an “equal weight” rating and a $50.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $48.61.

Shares of ENB stock opened at $42.20 on Thursday. The business’s fifty day simple moving average is $40.68 and its 200-day simple moving average is $37.07. The company has a market cap of $86.21 billion, a PE ratio of 19.54, a PEG ratio of 2.82 and a beta of 0.61. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.94. Enbridge has a 12-month low of $32.23 and a 12-month high of $43.15.

Several institutional investors and hedge funds have recently made changes to their positions in the company. M Holdings Securities Inc. grew its holdings in shares of Enbridge by 1.8% during the fourth quarter. M Holdings Securities Inc. now owns 14,132 shares of the pipeline company’s stock valued at $562,000 after buying an additional 245 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Enbridge by 9.3% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 3,005 shares of the pipeline company’s stock valued at $120,000 after buying an additional 256 shares during the last quarter. Stock Yards Bank & Trust Co. grew its holdings in shares of Enbridge by 3.8% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 7,037 shares of the pipeline company’s stock valued at $280,000 after buying an additional 257 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its holdings in Enbridge by 0.3% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 105,479 shares of the pipeline company’s stock valued at $4,195,000 after purchasing an additional 264 shares during the last quarter. Finally, TCI Wealth Advisors Inc. boosted its holdings in Enbridge by 33.3% in the fourth quarter. TCI Wealth Advisors Inc. now owns 1,108 shares of the pipeline company’s stock valued at $44,000 after purchasing an additional 277 shares during the last quarter. 53.62% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.6119 per share. The ex-dividend date of this dividend is Thursday, February 13th. This is a positive change from Enbridge’s previous quarterly dividend of $0.56. This represents a $2.45 dividend on an annualized basis and a dividend yield of 5.80%. Enbridge’s payout ratio is 108.78%.

About Enbridge

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 (NYSE:ENB)

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