Enbridge (NYSE:ENB) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB issued its quarterly earnings results on Friday. The pipeline company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.06, Zacks reports. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. The business had revenue of $7.14 billion for the quarter, compared to analysts' expectations of $10.56 billion. During the same quarter last year, the company posted $0.58 EPS.Enbridge Stock PerformanceIs Energy Transfer Undervalued or a Value Trap?Shares of NYSE ENB opened at $46.18 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.66 and a current ratio of 0.73. The company has a market cap of $100.69 billion, a P/E ratio of 23.80, a P/E/G ratio of 4.22 and a beta of 0.79. The firm's fifty day moving average is $45.39 and its two-hundred day moving average is $44.55. Enbridge has a 52-week low of $36.50 and a 52-week high of $47.44. Enbridge Increases DividendThe business also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Friday, August 15th will be issued a $0.6839 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.74 dividend on an annualized basis and a yield of 5.9%. This is an increase from Enbridge's previous quarterly dividend of $0.68. Enbridge's payout ratio is presently 141.24%. Institutional Trading of Enbridge3 Top-Performing Non-Leveraged ETFs From 2024 and Into 2025An institutional investor recently bought a new position in Enbridge stock. Brighton Jones LLC purchased a new stake in Enbridge Inc (NYSE:ENB - Free Report) TSE: ENB during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 6,151 shares of the pipeline company's stock, valued at approximately $261,000. 54.60% of the stock is owned by institutional investors and hedge funds. Analyst Ratings ChangesA number of research analysts recently weighed in on ENB shares. Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada restated an "outperform" rating and set a $67.00 target price on shares of Enbridge in a research note on Monday, May 12th. BMO Capital Markets restated a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. Jefferies Financial Group upgraded shares of Enbridge from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Finally, Citigroup started coverage on shares of Enbridge in a research note on Friday, April 4th. They set a "buy" rating on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Enbridge presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.3 Best Dividend Stocks to Buy as Interest Rates FallRead Our Latest Report on EnbridgeEnbridge Company Profile (Get Free Report)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.See AlsoFive stocks we like better than EnbridgeGolden Cross Stocks: Pattern, Examples and Charts Is PG&E an AI Power Play? Why Options Traders Are Betting BigRetail Stocks Investing, ExplainedMarketBeat Week in Review – 07/28 - 08/01What is the Shanghai Stock Exchange Composite Index?Will Hims & Hers Fall Along With Novo Nordisk?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Enbridge Right Now?Before you consider Enbridge, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.While Enbridge currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here