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Enbridge Price Target Raised to C$62 by Wells Fargo Analysts
ByAinvest
Monday, Aug 4, 2025 10:13 am ET1min read
Enbridge's Q2 results beat expectations, according to Wells Fargo analyst Praneeth Satish. Despite this, the firm maintains a neutral rating due to valuation. The price target has been raised to C$62 from C$60.
Enbridge Inc. (NYSE: ENB) reported its Q2 results, beating analysts' expectations. The company's earnings per share (EPS) for the quarter were $0.47, surpassing the consensus estimate of $0.41 by $0.06. Enbridge's net margin was 10.16%, and its return on equity was 10.41%. Revenue for the quarter was $7.14 billion, compared to the consensus estimate of $10.56 billion [1].Despite the positive results, Wells Fargo analyst Praneeth Satish maintained a neutral rating for Enbridge, citing valuation concerns. The price target was raised to C$62 from C$60. The analyst noted that while Enbridge's performance was strong, the stock's valuation remains a concern [1].
Enbridge also announced a quarterly dividend of $0.6839 per share, payable on September 1, 2025, to shareholders of record on August 15, 2025. This represents a $2.74 dividend on an annualized basis and a dividend yield of 5.9% [1].
References:
[1] https://www.marketbeat.com/instant-alerts/filing-enbridge-inc-nyseenb-stake-decreased-by-scotia-capital-inc-2025-08-03/
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