Enbridge Inc (NYSE:ENB) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Enbridge Inc (NYSE:ENB - Get Free Report) TSE: ENB have received a consensus rating of "Hold" from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $67.00.

A number of analysts have recently weighed in on ENB shares. Raymond James Financial upgraded shares of Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. National Bankshares restated a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. Wall Street Zen upgraded shares of Enbridge from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. CIBC restated an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $67.00 target price on shares of Enbridge in a report on Monday, May 12th.

Enbridge Stock Performance

Shares of NYSE ENB opened at $45.96 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.66 and a current ratio of 0.73. The company has a market cap of $100.21 billion, a P/E ratio of 23.69, a P/E/G ratio of 4.33 and a beta of 0.81. The firm's fifty day moving average is $45.64 and its two-hundred day moving average is $44.03. Enbridge has a 52-week low of $34.60 and a 52-week high of $47.44.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. Enbridge had a net margin of 10.16% and a return on equity of 10.41%. The firm had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $10.20 billion. During the same period in the previous year, the firm posted $0.92 EPS. As a group, analysts anticipate that Enbridge will post 2.14 EPS for the current fiscal year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Thursday, May 15th were issued a dividend of $0.679 per share. This represents a $2.72 annualized dividend and a yield of 5.91%. This is an increase from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date was Thursday, May 15th. Enbridge's dividend payout ratio is presently 140.21%.

Hedge Funds Weigh In On Enbridge

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Enbridge by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 93,187,025 shares of the pipeline company's stock valued at $4,124,271,000 after purchasing an additional 1,569,879 shares during the last quarter. GQG Partners LLC boosted its position in Enbridge by 1.5% in 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 buying an additional 1,148,580 shares during the period. TD Asset Management Inc boosted its position in Enbridge by 1.3% in the 1st quarter. TD Asset Management Inc now owns 39,265,817 shares of the pipeline company's stock valued at $1,737,602,000 after buying an additional 513,058 shares during the period. TD Asset Management Inc. boosted its position in Enbridge by 2.8% in the 4th quarter. TD Asset Management Inc. now owns 38,752,759 shares of the pipeline company's stock valued at $1,643,935,000 after buying an additional 1,040,799 shares during the period. Finally, Deutsche Bank AG boosted its position in Enbridge by 13.9% in the 4th quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company's stock valued at $1,541,745,000 after buying an additional 4,426,684 shares during the period. 54.60% of the stock is currently owned by institutional investors.

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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