Previous Close | 51.14 |
Open | 51.99 |
Bid | 51.65 x 0 |
Ask | 51.66 x 0 |
Day's Range | 51.45 - 52.34 |
52 Week Range | 42.75 - 52.57 |
Volume | |
Avg. Volume | 8,076,840 |
Market Cap | 109.808B |
Beta (5Y Monthly) | 0.88 |
PE Ratio (TTM) | 18.19 |
EPS (TTM) | 2.84 |
Earnings Date | May 10, 2024 |
Forward Dividend & Yield | 3.66 (7.16%) |
Ex-Dividend Date | May 14, 2024 |
1y Target Est | 53.41 |
Record Financial Outcomes and Strategic Acquisitions Mark a Strong Start to 2024
Enbridge (ENB) delivered earnings and revenue surprises of 15.25% and 9.02%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
CALGARY — Enbridge Inc. reported its first-quarter profit fell compared with a year ago as it recorded a non-cash, net unrealized derivative fair value loss as well as costs related to job cuts announced in February. The pipeline company says its profit attributable to common shareholders amounted to $1.42 billion or 67 cents per share for the quarter ended March 31. The result was down from a profit of $1.73 billion or 86 cents per share in the same quarter last year. On an adjusted basis, Enbr