US Capital Advisors Raises Earnings Estimates for Enbridge

Enbridge Inc. (NYSE:ENB) (TSE:ENB) – Research analysts at US Capital Advisors raised their Q4 2024 earnings estimates for shares of Enbridge in a note issued to investors on Monday, October 28th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings per share of $0.57 for the quarter, up from their prior estimate of $0.55. The consensus estimate for Enbridge’s current full-year earnings is $2.08 per share.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley assumed coverage on shares of Enbridge in a research note on Friday, October 25th. They issued an “equal weight” rating on the stock. Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Monday, September 30th.

Enbridge Stock Performance

NYSE:ENB opened at $40.60 on Wednesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.68 and a current ratio of 0.77. The stock’s fifty day moving average is $40.69 and its 200 day moving average is $37.87. The firm has a market capitalization of $86.64 billion, a PE ratio of 20.61, a PEG ratio of 4.00 and a beta of 0.93. Enbridge has a fifty-two week low of $31.68 and a fifty-two week high of $42.16.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.13. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $4.28 billion. Enbridge had a return on equity of 10.07% and a net margin of 13.31%. During the same period last year, the company earned $0.51 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ENB. Richardson Financial Services Inc. grew its holdings in Enbridge by 28.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,112 shares of the pipeline company’s stock worth $45,000 after acquiring an additional 246 shares in the last quarter. First PREMIER Bank boosted its stake in Enbridge by 1.7% in the third quarter. First PREMIER Bank now owns 15,534 shares of the pipeline company’s stock valued at $631,000 after acquiring an additional 257 shares in the last quarter. Grove Bank & Trust lifted its holdings in shares of Enbridge by 56.7% during the 3rd quarter. Grove Bank & Trust now owns 771 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 279 shares during the last quarter. MFA Wealth Advisors LLC boosted its position in shares of Enbridge by 55.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 784 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 280 shares in the last quarter. Finally, Rockwood Wealth Management LLC increased its holdings in shares of Enbridge by 2.6% during the second quarter. Rockwood Wealth Management LLC now owns 11,107 shares of the pipeline company’s stock valued at $395,000 after acquiring an additional 285 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, 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.