Enbridge Inc (NYSE:ENB) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Enbridge Inc has received an average recommendation of "Moderate Buy" from nine research firms, with four hold ratings and five buy ratings.
• The company is set to pay a quarterly dividend of $0.6839 on September 1st, reflecting an annualized yield of 5.8%, a slight increase from the previous $0.68 dividend.
• As of now, Enbridge's shares are priced at $47.02 with a market capitalization of $102.52 billion, and the company reported earnings of $0.47 EPS in its last quarter.

Shares of Enbridge Inc (NYSE:ENB - Get Free Report) TSE: ENB have been assigned an average recommendation of "Moderate Buy" from the nine research firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $67.00.

A number of research analysts recently weighed in on ENB shares. National Bankshares reissued a "sector perform" rating on shares of Enbridge in a report on Tuesday. Royal Bank Of Canada reiterated an "outperform" rating and set a $67.00 price objective on shares of Enbridge in a research note on Monday, May 12th. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a research note on Monday, May 12th. Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd.

Institutional Investors Weigh In On Enbridge

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Enbridge by 1.7% during the first quarter. Vanguard Group Inc. now owns 93,187,025 shares of the pipeline company's stock valued at $4,124,271,000 after buying an additional 1,569,879 shares during the period. GQG Partners LLC boosted its holdings in Enbridge by 1.5% during the 1st quarter. GQG Partners LLC now owns 75,439,320 shares of the pipeline company's stock valued at $3,338,405,000 after acquiring an additional 1,148,580 shares during the period. TD Asset Management Inc grew its position in Enbridge by 1.6% during the 2nd quarter. TD Asset Management Inc now owns 39,883,394 shares of the pipeline company's stock worth $1,804,913,000 after acquiring an additional 617,577 shares during the last quarter. Deutsche Bank AG increased its stake in Enbridge by 13.9% in the 4th quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company's stock worth $1,541,745,000 after purchasing an additional 4,426,684 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Enbridge by 137.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 32,907,433 shares of the pipeline company's stock worth $1,458,128,000 after purchasing an additional 19,074,827 shares during the period. 54.60% of the stock is owned by hedge funds and other institutional investors.

Enbridge Stock Performance

Shares of Enbridge stock opened at $47.02 on Thursday. The stock has a market capitalization of $102.52 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 4.33 and a beta of 0.79. Enbridge has a 52 week low of $38.21 and a 52 week high of $47.44. The firm has a fifty day moving average of $45.44 and a two-hundred day moving average of $44.60. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.66 and a current ratio of 0.75.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its earnings results on Friday, August 1st. The pipeline company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.06. The firm had revenue of $7.14 billion during the quarter, compared to analyst estimates of $10.56 billion. Enbridge had a net margin of 10.11% and a return on equity of 10.77%. During the same period in the prior year, the business earned $0.58 EPS. As a group, equities research analysts predict that Enbridge will post 2.14 EPS for the current year.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Friday, August 15th will be paid a $0.6839 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.74 dividend on an annualized basis and a yield of 5.8%. This is a positive change from Enbridge's previous quarterly dividend of $0.68. Enbridge's dividend payout ratio (DPR) is presently 133.99%.

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.

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