Enbridge Sees Unusually Large Options Volume (NYSE:ENB)

Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB saw some unusual options trading on Wednesday. Stock investors purchased 20,216 put options on the stock. This represents an increase of approximately 1,036% compared to the typical daily volume of 1,779 put options.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup started coverage on Enbridge in a research report on Friday, April 4th. They set a "buy" rating for the company. BMO Capital Markets reiterated a "market perform" rating on shares of Enbridge in a report on Monday, May 12th. Royal Bank of Canada reiterated an "outperform" rating and set a $67.00 target price on shares of Enbridge in a research report on Monday, May 12th. CIBC reiterated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Finally, National Bankshares reissued a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. Six research 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, Enbridge currently has an average rating of "Hold" and a consensus target price of $67.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Metis Global Partners LLC increased its holdings in shares of Enbridge by 4.0% during the fourth quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company's stock valued at $8,782,000 after acquiring an additional 7,986 shares in the last quarter. Aviso Financial Inc. grew its position in Enbridge by 4.3% in the 4th quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company's stock valued at $60,152,000 after purchasing an additional 58,176 shares during the period. Vanguard Group Inc. grew its position in Enbridge by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after purchasing an additional 3,611,421 shares during the period. Greenland Capital Management LP increased its stake in Enbridge by 189.1% during the 4th quarter. Greenland Capital Management LP now owns 35,410 shares of the pipeline company's stock valued at $1,502,000 after purchasing an additional 23,160 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Enbridge by 20.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,818,919 shares of the pipeline company's stock worth $289,044,000 after buying an additional 1,135,000 shares during the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Trading Up 1.4%

Shares of ENB stock traded up $0.65 during trading hours on Friday, hitting $46.50. 4,106,198 shares of the company were exchanged, compared to its average volume of 4,065,431. The company has a 50 day simple moving average of $44.89 and a two-hundred day simple moving average of $43.70. The firm has a market cap of $101.37 billion, a P/E ratio of 27.03, a P/E/G ratio of 3.92 and a beta of 0.84. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. Enbridge has a fifty-two week low of $34.60 and a fifty-two week high of $47.08.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 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 business had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $10.20 billion. During the same period last year, the company posted $0.92 earnings per share. Equities analysts anticipate that Enbridge will post 2.14 EPS for the current 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 given a $0.679 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 5.84%. This is a positive change from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, May 15th. Enbridge's payout ratio is presently 139.69%.

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.