Enbridge Inc (NYSE:ENB) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Thirteen brokerages give Enbridge an average rating of "Moderate Buy", split between seven Buy and six Hold ratings, with a one-year average price target of $65.
• Enbridge recently beat quarterly EPS estimates ($0.63 vs. $0.60) and reported revenue of $17.18 billion, and analysts forecast roughly 2.14 EPS for the current year.
• Shares trade around $53.49 (down about 1.5%), with a market cap of $116.8 billion and a 52-week range of $43.29 to $55.44.

Enbridge Inc (NYSE:ENB - Get Free Report) TSE: ENB has been given an average rating of "Moderate Buy" by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $65.00.

ENB has been the topic of several analyst reports. TD Securities lowered shares of Enbridge from a "buy" rating to a "hold" rating in a report on Tuesday, February 17th. Citigroup reiterated a "buy" rating on shares of Enbridge in a report on Thursday, February 19th. Weiss Ratings upgraded shares of Enbridge from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, February 9th. Scotiabank reiterated an "outperform" rating on shares of Enbridge in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. lowered shares of Enbridge from an "overweight" rating to a "neutral" rating in a report on Tuesday, January 27th.

Institutional Investors Weigh In On Enbridge

Hedge funds have recently bought and sold shares of the company. Tsfg LLC raised its holdings in Enbridge by 329.6% in the third quarter. Tsfg LLC now owns 494 shares of the pipeline company's stock worth $25,000 after purchasing an additional 379 shares during the period. Triumph Capital Management bought a new stake in shares of Enbridge during the third quarter worth $26,000. Highline Wealth Partners LLC increased its position in shares of Enbridge by 73.1% during the third quarter. Highline Wealth Partners LLC now owns 559 shares of the pipeline company's stock worth $28,000 after acquiring an additional 236 shares in the last quarter. Turning Point Benefit Group Inc. bought a new stake in shares of Enbridge during the third quarter worth $28,000. Finally, Inspire Investing LLC bought a new stake in shares of Enbridge during the fourth quarter worth $29,000. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Trading Down 1.5%

Shares of NYSE ENB opened at $53.49 on Tuesday. The company's 50 day simple moving average is $53.15 and its 200 day simple moving average is $49.61. Enbridge has a fifty-two week low of $43.29 and a fifty-two week high of $55.44. The firm has a market capitalization of $116.79 billion, a P/E ratio of 23.26 and a beta of 0.63. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.63 and a quick ratio of 0.55.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings data on Friday, February 13th. The pipeline company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. Enbridge had a net margin of 11.30% and a return on equity of 11.19%. The business had revenue of $17.18 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the business posted $0.75 earnings per share. On average, analysts predict that Enbridge will post 2.14 EPS for the current year.

Enbridge Company Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.

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