Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB shares fell 1.1% during trading on Monday . The company traded as low as $46.19 and last traded at $46.35. 543,409 shares were traded during trading, a decline of 87% from the average session volume of 4,164,761 shares. The stock had previously closed at $46.86.
Analyst Ratings Changes
ENB has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. TD Securities initiated coverage on shares of Enbridge in a report on Wednesday, January 15th. They set a "buy" rating for the company. Citigroup assumed coverage on shares of Enbridge in a research note on Friday, April 4th. They issued a "buy" rating on the stock. CIBC restated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Finally, Raymond James upgraded Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.00.
Read Our Latest Stock Report on ENB
Enbridge Stock Down 0.5 %
The company has a market capitalization of $101.64 billion, a PE ratio of 27.10, a PEG 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 stock's 50 day moving average is $43.82 and its 200 day moving average is $43.16.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. The company had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same period in the previous year, the company posted $0.64 EPS. On average, sell-side analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current fiscal year.
Enbridge Increases Dividend
The company also recently disclosed 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 is Thursday, May 15th. This represents a $2.72 annualized dividend and a yield of 5.83%. This is a boost from Enbridge's previous quarterly dividend of $0.67. Enbridge's payout ratio is currently 157.56%.
Institutional Trading of Enbridge
Several institutional investors and hedge funds have recently bought and sold shares of the company. Garde Capital Inc. purchased a new stake in shares of Enbridge in the first quarter worth $26,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Enbridge in the 1st quarter valued at about $28,000. Albion Financial Group UT bought a new stake in shares of Enbridge during the 4th quarter valued at about $29,000. Wintrust Investments LLC grew its holdings in shares of Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after purchasing an additional 238 shares in the last quarter. Finally, GeoWealth Management LLC increased its position in shares of Enbridge by 436.4% in the fourth quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock worth $32,000 after purchasing an additional 611 shares during the last quarter. 54.60% of the stock is currently owned by hedge funds and other institutional investors.
Enbridge Company Profile
(
Get Free Report)
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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