Enbridge 4Q15 EPS of $0.58 beat estimates due to better earnings from the Canadian Mainline (owned by ENB sponsored investment Enbridge Income Fund). Enbridge’s funding plan now assumes a smaller capital raise to fund $18 billion in outstanding projects; it previously included another $13 billion of projects in development. From 2016-2019, ENB’s guidance dividend CAGR is now 10%-12% (the 2015-2019 CAGR was 14%-16%). We have cut our 12-month target price to $50.00/share, reflecting a lower divide ....
22 Feb 2016
4Q15 EPS $0.58/share (FCC $0.43/share); Focuses on Secured Projects
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4Q15 EPS $0.58/share (FCC $0.43/share); Focuses on Secured Projects
Enbridge Inc. (0KTI:LON) | 0 0 0.9% | Mkt Cap: 73,275m
- Published:
22 Feb 2016 -
Author:
Steven I. Paget -
Pages:
5
Enbridge 4Q15 EPS of $0.58 beat estimates due to better earnings from the Canadian Mainline (owned by ENB sponsored investment Enbridge Income Fund). Enbridge’s funding plan now assumes a smaller capital raise to fund $18 billion in outstanding projects; it previously included another $13 billion of projects in development. From 2016-2019, ENB’s guidance dividend CAGR is now 10%-12% (the 2015-2019 CAGR was 14%-16%). We have cut our 12-month target price to $50.00/share, reflecting a lower divide ....