Enbridge (NYSE:ENB) Rating Increased to Hold at Wall Street Zen

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Thursday.

ENB has been the topic of several other research reports. CIBC restated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Citigroup assumed coverage on shares of Enbridge in a research report on Friday, April 4th. They issued a "buy" rating on the stock. National Bankshares restated a "sector perform" rating on shares of Enbridge in a report on Monday, May 12th. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a research report on Monday, May 12th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $67.00 price objective on shares of Enbridge in a research report on Monday, May 12th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $67.00.

Enbridge Stock Down 0.7%

Shares of ENB traded down $0.30 during midday trading on Thursday, reaching $45.27. 822,873 shares of the stock were exchanged, compared to its average volume of 4,102,337. The company has a market cap of $98.69 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 3.92 and a beta of 0.84. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. Enbridge has a 12-month low of $34.60 and a 12-month high of $47.08. The firm has a 50 day simple moving average of $44.65 and a 200-day simple moving average of $43.53.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings data on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The firm had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $10.20 billion. During the same period in the prior year, the company posted $0.92 earnings per share. Research analysts forecast that Enbridge will post 2.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ENB. Dagco Inc. bought a new stake in shares of Enbridge during the first quarter worth $25,000. Garde Capital Inc. acquired a new position in Enbridge during the 1st quarter worth about $26,000. Financial Gravity Asset Management Inc. acquired a new position in Enbridge during the 1st quarter worth about $28,000. Albion Financial Group UT bought a new stake in Enbridge during the 4th quarter worth about $29,000. Finally, Accent Capital Management LLC acquired a new stake in Enbridge in the 1st quarter valued at about $30,000. 54.60% of the stock is owned by institutional investors and hedge funds.

About Enbridge

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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