Enbridge (NYSE:ENB) Stock Price Down 0% - Time to Sell?

Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB shares dropped 0% during mid-day trading on Wednesday . The stock traded as low as $46.19 and last traded at $46.64. Approximately 800,630 shares were traded during trading, a decline of 80% from the average daily volume of 4,062,657 shares. The stock had previously closed at $46.64.

Wall Street Analyst Weigh In

ENB has been the subject of a number of research analyst reports. Raymond James raised Enbridge to a "moderate buy" rating in a report on Wednesday, April 23rd. CIBC restated an "outperform" rating on shares of Enbridge in a report on Wednesday, March 5th. Citigroup began coverage on shares of Enbridge in a report on Friday, April 4th. They set a "buy" rating for the company. TD Securities started coverage on shares of Enbridge in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Finally, Royal Bank of Canada upped their price objective on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $67.00.

Enbridge Stock Up 0.4 %

The company has a market cap of $101.78 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. 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 business has a 50-day simple moving average of $43.71 and a 200-day simple moving average of $43.10.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The firm had revenue of $11.59 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter last year, the company earned $0.64 earnings per share. On average, equities analysts anticipate that Enbridge Inc. will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be paid a dividend of $0.679 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.82%. This is an increase from Enbridge's previous quarterly dividend of $0.67. Enbridge's payout ratio is presently 157.56%.

Institutional Trading of Enbridge

A number of hedge funds and other institutional investors have recently bought and sold shares of ENB. Garde Capital Inc. acquired a new stake in shares of Enbridge during the 1st quarter worth about $26,000. McIlrath & Eck LLC raised its holdings in Enbridge by 74.9% during the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Enbridge during the 1st quarter worth approximately $28,000. Albion Financial Group UT acquired a new position in shares of Enbridge in the 4th quarter valued at $29,000. Finally, Wintrust Investments LLC grew its position in shares of Enbridge by 47.8% in the 4th quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after buying an additional 238 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

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.