Shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) have been assigned an average recommendation of “Hold” from the eighteen brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $48.80.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.
A number of research analysts recently issued reports on ENB shares. Scotiabank raised shares of Enbridge from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. ValuEngine cut shares of Enbridge from a “sell” rating to a “strong sell” rating in a research report on Friday, November 1st. Barclays cut shares of Enbridge from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $52.00 to $51.00 in a research report on Tuesday, October 15th. CIBC lowered their price target on shares of Enbridge from $57.00 to $56.00 in a research report on Wednesday, October 23rd. Finally, US Capital Advisors reissued an “overweight” rating on shares of Enbridge in a research report on Friday, October 25th.
Shares of NYSE:ENB traded up $0.74 on Thursday, hitting $37.47. The company had a trading volume of 5,499,096 shares, compared to its average volume of 3,344,608. The firm’s 50-day simple moving average is $35.89 and its two-hundred day simple moving average is $35.48. Enbridge has a 1 year low of $28.82 and a 1 year high of $38.04. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $74.72 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 2.80 and a beta of 0.58.
Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, November 8th. The pipeline company reported $0.42 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Enbridge had a net margin of 9.97% and a return on equity of 8.16%. The firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same period last year, the company posted $0.55 EPS. Equities research analysts anticipate that Enbridge will post 2.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be given a dividend of $0.561 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.56. This represents a $2.24 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date is Thursday, November 14th. Enbridge’s dividend payout ratio (DPR) is 107.80%.
Institutional investors have recently modified their holdings of the business. Manchester Financial Inc. purchased a new position in Enbridge in the second quarter worth about $25,000. Westside Investment Management Inc. purchased a new position in Enbridge in the second quarter worth about $25,000. Strategic Blueprint LLC purchased a new position in Enbridge in the third quarter worth about $27,000. Vista Private Wealth Partners. LLC purchased a new position in Enbridge in the third quarter worth about $33,000. Finally, Bridger Capital Management LLC purchased a new position in Enbridge in the third quarter worth about $34,000. 54.21% of the stock is owned by institutional investors and hedge funds.
Enbridge Company Profile
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
Read More: What is channel trading?