Enbridge Inc. (NYSE:ENB – Get Rating) (TSE:ENB) – Analysts at National Bank Financial issued their Q4 2022 earnings per share estimates for Enbridge in a research note issued to investors on Wednesday, February 1st. National Bank Financial analyst P. Kenny anticipates that the pipeline company will post earnings of $0.55 per share for the quarter. The consensus estimate for Enbridge's current full-year earnings is $2.20 per share.

A number of other research firms also recently weighed in on ENB. Morgan Stanley lowered their target price on Enbridge from C$67.00 to C$64.00 in a report on Wednesday, October 19th. BMO Capital Markets downgraded Enbridge from an "outperform" rating to a "market perform" rating in a research note on Tuesday, January 24th. Scotiabank decreased their price objective on Enbridge from C$62.00 to C$56.00 in a research note on Thursday, October 20th. StockNews.com initiated coverage on Enbridge in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. Finally, Credit Suisse Group decreased their price objective on Enbridge from C$54.00 to C$52.00 in a research note on Friday, December 9th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $58.90.

Enbridge Stock Down 0.0 %

Enbridge (NYSE:ENB – Get Rating) (TSE:ENB) last released its earnings results on Friday, November 4th. The pipeline company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The firm had revenue of $8.87 billion for the quarter. Enbridge had a return on equity of 10.60% and a net margin of 11.07%.

Hedge Funds Weigh In On Enbridge

Several institutional investors have recently added to or reduced their stakes in ENB. American Century Companies Inc. grew its holdings in Enbridge by 6.9% during the 1st quarter. American Century Companies Inc. now owns 49,136 shares of the pipeline company's stock valued at $2,262,000 after buying an additional 3,178 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Enbridge by 47.5% in the 1st quarter. BlackRock Inc. now owns 1,585,598 shares of the pipeline company's stock worth $73,081,000 after purchasing an additional 510,865 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Enbridge by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,647,982 shares of the pipeline company's stock worth $75,955,000 after purchasing an additional 112,553 shares during the period. Blair William & Co. IL boosted its holdings in shares of Enbridge by 3.4% in the 1st quarter. Blair William & Co. IL now owns 149,644 shares of the pipeline company's stock worth $6,897,000 after purchasing an additional 4,883 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Enbridge by 0.3% in the 1st quarter. Sei Investments Co. now owns 316,801 shares of the pipeline company's stock worth $14,600,000 after purchasing an additional 968 shares during the period. Hedge funds and other institutional investors own 49.25% of the company's stock.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be issued a dividend of $0.6538 per share. This represents a $2.62 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend is Tuesday, February 14th. This is a boost from Enbridge's previous quarterly dividend of $0.63. Enbridge's dividend payout ratio (DPR) is currently 122.75%.

About Enbridge

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Enbridge, Inc engages in the provision of gas and oil businesses. It operates through the following segments: Liquid Pipelines, Gas Distribution & Storage, Gas Transmission & Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines.

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