Scotiabank Comments on Enbridge’s FY2026 Earnings (NYSE:ENB)

by · The Markets Daily

Enbridge Inc (NYSE:ENB – Free Report) (TSE:ENB) – Analysts at Scotiabank reduced their FY2026 earnings per share estimates for shares of Enbridge in a research report issued to clients and investors on Thursday, October 22nd. Scotiabank analyst R. Hope now expects that the pipeline company will earn $2.08 per share for the year, down from their prior estimate of $2.11. Scotiabank currently has a “Strong-Buy” rating on the stock. The consensus estimate for Enbridge’s current full-year earnings is $2.09 per share. Scotiabank also issued estimates for Enbridge’s FY2027 earnings at $2.26 EPS.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last released its quarterly earnings data on Friday, July 31st. The pipeline company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. The company had revenue of $9.70 billion during the quarter, compared to analyst estimates of $8.67 billion. During the same quarter in the previous year, the business posted $0.65 EPS.

Other equities analysts have also issued research reports about the stock. US Capital Advisors upgraded shares of Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. BMO Capital Markets raised shares of Enbridge from a “market perform” rating to an “outperform” rating and set a $79.50 price objective on the stock in a research report on Monday, September 14th. Jefferies Financial Group restated a “hold” rating on shares of Enbridge in a research note on Monday, September 14th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Enbridge in a research report on Thursday. Finally, Royal Bank Of Canada upped their price target on Enbridge from $79.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Enbridge presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.88.

Check Out Our Latest Analysis on ENB

Enbridge Trading Up 0.3%

NYSE:ENB opened at $48.28 on Monday. Enbridge has a 12 month low of $45.03 and a 12 month high of $58.45. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $107.61 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 5.75 and a beta of 0.60. The firm has a fifty day simple moving average of $48.49 and a two-hundred day simple moving average of $52.07.

Institutional Trading of Enbridge

Hedge funds and other institutional investors have recently bought and sold shares of the business. Deutsche Bank AG bought a new position in shares of Enbridge in the second quarter valued at $1,850,502,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Enbridge by 18.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,624,547 shares of the pipeline company’s stock valued at $1,117,353,000 after buying an additional 3,205,322 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Enbridge by 1.0% during the second quarter. TD Waterhouse Canada Inc. now owns 16,189,798 shares of the pipeline company’s stock valued at $863,952,000 after buying an additional 164,934 shares during the last quarter. Amundi increased its position in shares of Enbridge by 8.5% during the second quarter. Amundi now owns 11,948,497 shares of the pipeline company’s stock worth $647,728,000 after acquiring an additional 936,435 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Enbridge by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 11,079,469 shares of the pipeline company’s stock worth $599,709,000 after acquiring an additional 268,800 shares in the last quarter. Institutional investors own 54.60% of the company’s stock.

About Enbridge

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Enbridge Inc is a Canadian energy infrastructure company that operates one of the largest pipeline and energy delivery networks in North America. Its businesses transport crude oil and other liquid hydrocarbons, move and store natural gas, and deliver natural gas to residential, commercial and industrial customers.

The company’s operations span Canada and the United States, including extensive pipeline systems serving major producing regions, refineries and population centers. Enbridge also develops and operates renewable power assets, including offshore and onshore wind projects, solar facilities and other lower-carbon energy infrastructure.

Enbridge traces its history to the Interprovincial Pipe Line Company, founded in 1949 to transport Canadian crude oil.

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