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Enbridge operates pipelines and terminals for transporting crude oil and liquid hydrocarbons across Canada and the U.S. Analysts have given the stock a "Moderate Buy" rating, with a consensus price target of $67.00. Recent earnings exceeded expectations, reporting $0.75 EPS and $11.59 billion in revenue, while institutional investors have significantly increased their stakes in the company.
Enbridge Inc. reported $0.75 earnings per share for the latest quarter, exceeding analysts' expectations of $0.52, with revenue reaching $11.59 billion. Analysts forecast a full-year EPS of $2.14, while the company holds a Moderate Buy rating among investors. Institutional ownership stands at 54.60%, with JPMorgan reducing its stake by 1.1% recently.
Sister Susan Francois and the Sisters of St Joseph of Peace have gained approval from the SEC to present a shareholder resolution at Citigroup's annual meeting, urging the bank to reconsider its financial ties to fossil fuel projects affecting Indigenous communities. Despite Citigroup's previous dismissals and claims of addressing these concerns, the sisters emphasize the need for corporate accountability and the protection of human rights. Their advocacy reflects a long-standing commitment to social justice and environmental stewardship rooted in their faith.
JPMorgan Chase & Co. has hired Jens Becker, a managing director from UBS, to enhance its mergers and acquisitions team, focusing on energy, power, renewables, and mining. Becker, who will join in June after gardening leave, has a notable background in significant transactions at Credit Suisse. Additionally, Akshay Dhiman and Charles Hop de Chillaz will also join JPMorgan as managing directors, specializing in power and renewables.
Enbridge Inc. operates as an energy transportation and distribution company across five segments: Liquids Pipelines, Gas Transportation and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The company manages extensive pipelines and terminals for crude oil, natural gas infrastructure, and renewable energy investments, including wind and solar. Notably, it owns the Aitken Creek gas storage facilities, enhancing its capabilities in energy storage and distribution.
Enbridge Inc. reported a quarterly earnings per share of $0.55, exceeding estimates, and declared a dividend increase to $0.676 per share, reflecting a 6.27% yield. Institutional investors have been actively increasing their stakes, with 54.60% of shares held by such entities. Analysts currently rate the stock as a "Hold," with some recent downgrades and upgrades noted.
Jim Cramer predicts that oil and natural gas stocks will prosper under President Trump and a Republican Congress, highlighting the natural gas ecosystem's potential for growth with federal support. He recommends stocks like EQT, Coterra, Energy Transfer, Kinder Morgan, Enbridge, Cheniere, and Sempra, noting the sector's recent recovery and optimism for the future.
Winnipeg's reliance on New Flyer, North America's largest bus manufacturer, is jeopardizing the company's future as it shifts focus to hydrogen fuel cell buses, which are more expensive and less reliable than battery-electric alternatives. This strategic misstep, compounded by conflicts of interest within the Canadian Urban Transit Research and Innovation Consortium, is leading to significant financial and operational challenges for both New Flyer and Winnipeg's transit system. As a result, the city risks becoming a captive market for a failing technology, potentially costing taxpayers billions.
CUTRIC's recent study on hydrogen buses has raised concerns over its reliability and potential conflicts of interest, as it appears to favor hydrogen solutions despite their high costs and operational inefficiencies. The study, funded by ZETF, may mislead transit agencies like Translink into adopting costly hydrogen options, influenced by board members with vested interests in hydrogen technology. A governance review is recommended to ensure transparency and to critically assess the viability of hydrogen bus fleets based on global experiences.
New Flyer faces scrutiny for its hydrogen bus strategy, which may jeopardize its market share due to inferior battery-electric offerings. The Canadian Urban Transit Research and Innovation Consortium (CUTRIC) is criticized for conflicts of interest, particularly with fossil fuel companies on its board, raising concerns about its commitment to decarbonization. The Zero Emissions Transit Fund"s definition of zero emissions is also questioned, as it may favor gray hydrogen over more sustainable options.
Enbridge Inc.
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