Enbridge Inc. (NYSE:ENB) Given Average Rating of "Hold" by Analysts

Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB has earned an average rating of "Hold" from the nine ratings firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $67.00.

A number of research firms have recently weighed in on ENB. Royal Bank of Canada reissued an "outperform" rating and set a $67.00 price target on shares of Enbridge in a research report on Monday, May 12th. Wall Street Zen raised shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. BMO Capital Markets reissued a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. Citigroup initiated coverage on Enbridge in a research note on Friday, April 4th. They issued a "buy" rating for the company. Finally, National Bankshares reissued a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th.

Institutional Trading of Enbridge

Institutional investors and hedge funds have recently made changes to their positions in the stock. apricus wealth LLC lifted its stake in Enbridge by 1.1% in the fourth quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock valued at $875,000 after buying an additional 220 shares during the last quarter. Capital Investment Counsel Inc boosted its stake in Enbridge by 3.1% during the 1st quarter. Capital Investment Counsel Inc now owns 7,527 shares of the pipeline company's stock valued at $333,000 after purchasing an additional 223 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Enbridge by 0.7% in the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 34,326 shares of the pipeline company's stock valued at $1,526,000 after purchasing an additional 226 shares during the period. Cornerstone Wealth Management LLC raised its holdings in shares of Enbridge by 0.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock valued at $1,252,000 after buying an additional 227 shares during the last quarter. Finally, Wintrust Investments LLC boosted its position in shares of Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after buying an additional 238 shares during the period. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Stock Down 0.8%

Shares of NYSE:ENB traded down $0.37 during midday trading on Friday, hitting $45.67. 1,918,509 shares of the company's stock traded hands, compared to its average volume of 4,058,586. Enbridge has a twelve month low of $34.60 and a twelve month high of $47.08. The firm's fifty day moving average price is $44.82 and its two-hundred day moving average price is $43.66. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. The company has a market cap of $99.57 billion, a PE ratio of 26.53, a P/E/G ratio of 3.92 and a beta of 0.84.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. The business had revenue of $7.27 billion during the quarter, compared to analyst estimates of $10.20 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period last year, the business earned $0.92 EPS. On average, equities research analysts anticipate that Enbridge will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th will be paid a $0.679 dividend. This is an increase from Enbridge's previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date is Thursday, May 15th. Enbridge's payout ratio is presently 139.69%.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.