Enbridge Inc. (TSE:ENB – Get Rating) (NYSE:ENB) – US Capital Advisors raised their FY2023 earnings estimates for shares of Enbridge in a report issued on Monday, January 30th. US Capital Advisors analyst J. Carreker now anticipates that the company will earn $3.22 per share for the year, up from their prior forecast of $3.18. The consensus estimate for Enbridge's current full-year earnings is $3.06 per share. US Capital Advisors also issued estimates for Enbridge's FY2024 earnings at $3.06 EPS.

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Several other research analysts have also issued reports on the stock. National Bankshares raised their target price on shares of Enbridge from C$54.00 to C$56.00 and gave the company a "sector perform" rating in a research note on Friday, January 27th. JPMorgan Chase & Co. reduced their target price on shares of Enbridge from C$64.00 to C$62.00 in a research note on Monday, October 24th. CIBC raised their target price on shares of Enbridge from C$59.00 to C$62.00 in a research note on Monday, January 9th. Credit Suisse Group reduced their target price on shares of Enbridge to C$54.00 in a research note on Tuesday, October 25th. Finally, BMO Capital Markets lowered shares of Enbridge from an "outperform" rating to a "market perform" rating and reduced their target price for the company from C$60.00 to C$55.00 in a research note on Wednesday, January 25th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$57.53.

Enbridge Stock Down 0.3 %

Shares of TSE:ENB opened at C$53.98 on Thursday. Enbridge has a 12 month low of C$48.88 and a 12 month high of C$59.69. The company's 50-day moving average price is C$54.31 and its two-hundred day moving average price is C$54.20. The company has a quick ratio of 0.44, a current ratio of 0.60 and a debt-to-equity ratio of 121.96. The firm has a market cap of C$109.30 billion and a P/E ratio of 19.99.

Enbridge (TSE:ENB – Get Rating) (NYSE:ENB) last issued its quarterly earnings data on Friday, November 4th. The company reported C$0.67 EPS for the quarter, missing analysts' consensus estimates of C$0.68 by C($0.01). The business had revenue of C$11.57 billion for the quarter.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, March 1st will be issued a dividend of $0.887 per share. This is an increase from Enbridge's previous quarterly dividend of $0.86. This represents a $3.55 annualized dividend and a yield of 6.57%. The ex-dividend date is Tuesday, February 14th. Enbridge's dividend payout ratio (DPR) is 126.48%.

Insiders Place Their Bets

In other Enbridge news, Director Albert Monaco sold 10,649 shares of the firm's stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of C$54.80, for a total transaction of C$583,565.20. Following the sale, the director now directly owns 988,786 shares in the company, valued at approximately C$54,185,472.80. In other news, Senior Officer Byron Craig Neiles sold 4,342 shares of the firm's stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of C$55.71, for a total transaction of C$241,892.82. Following the completion of the transaction, the insider now directly owns 145,967 shares of the company's stock, valued at approximately C$8,131,821.57. Also, Director Albert Monaco sold 10,649 shares of the firm's stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of C$54.80, for a total transaction of C$583,565.20. Following the transaction, the director now directly owns 988,786 shares of the company's stock, valued at C$54,185,472.80.

Enbridge Company Profile

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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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