National Bank Financial Weighs in on Enbridge Inc’s Q4 2018 Earnings (ENB)

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Enbridge Inc (TSE:ENB) (NYSE:ENB) – Equities research analysts at National Bank Financial issued their Q4 2018 earnings estimates for Enbridge in a research note issued on Wednesday, February 6th. National Bank Financial analyst P. Kenny forecasts that the company will earn $0.61 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $59.00 target price on the stock. National Bank Financial also issued estimates for Enbridge’s FY2020 earnings at $2.60 EPS.

ENB has been the subject of a number of other research reports. UBS Group cut shares of Enbridge from a “buy” rating to a “neutral” rating in a report on Friday. CIBC upped their price target on shares of Enbridge from C$55.00 to C$57.00 in a report on Tuesday, January 15th. TD Securities upped their price target on shares of Enbridge from C$54.00 to C$56.00 in a report on Monday, November 5th. Wells Fargo & Co upped their price target on shares of Enbridge from C$54.00 to C$55.00 and gave the company an “outperform” rating in a report on Tuesday, November 6th. Finally, BMO Capital Markets reduced their price target on shares of Enbridge from C$60.00 to C$59.00 in a report on Monday, November 5th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$54.23.

Shares of TSE ENB opened at C$47.92 on Friday. The company has a market cap of $98.42 billion and a P/E ratio of 49.61. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 88.23. Enbridge has a 52-week low of C$37.36 and a 52-week high of C$49.70.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be issued a $0.738 dividend. This represents a $2.95 annualized dividend and a dividend yield of 6.16%. The ex-dividend date is Thursday, February 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.67. Enbridge’s dividend payout ratio is 271.53%.

In related news, insider Byron Craig Neiles sold 64,000 shares of the stock in a transaction on Friday, December 14th. The shares were sold at an average price of C$43.10, for a total transaction of C$2,758,400.00. Following the completion of the transaction, the insider now owns 64,667 shares in the company, valued at C$2,787,147.70. Also, Director Albert Monaco bought 7,569 shares of Enbridge stock in a transaction that occurred on Tuesday, December 4th. The shares were acquired at an average price of C$43.82 per share, with a total value of C$331,673.58.

About Enbridge

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in 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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