Enbridge (NYSE:ENB - Get Free Report) TSE: ENB's stock had its "buy (b)" rating reiterated by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.
A number of other research analysts have also recently issued reports on ENB. National Bankshares reissued a "sector perform" rating on shares of Enbridge in a research report on Tuesday, August 5th. Jefferies Financial Group upgraded shares of Enbridge from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Zacks Research lowered shares of Enbridge from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 17th. Wall Street Zen lowered shares of Enbridge from a "hold" rating to a "sell" rating in a research note on Sunday, September 21st. Finally, Argus raised their price objective on shares of Enbridge from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $60.50.
Read Our Latest Analysis on ENB
Enbridge Stock Down 0.8%
NYSE ENB traded down $0.40 during trading hours on Wednesday, reaching $49.05. 3,484,007 shares of the company's stock traded hands, compared to its average volume of 3,197,276. Enbridge has a 52-week low of $39.73 and a 52-week high of $50.54. The firm has a market cap of $106.97 billion, a PE ratio of 24.16, a PEG ratio of 4.53 and a beta of 0.78. The firm has a 50-day simple moving average of $48.33 and a 200 day simple moving average of $46.20. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.75 and a quick ratio of 0.65.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last issued its quarterly earnings results on Friday, August 1st. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.06. Enbridge had a net margin of 10.11% and a return on equity of 10.77%. The company had revenue of $7.14 billion during the quarter, compared to analysts' expectations of $10.56 billion. During the same period last year, the company posted $0.58 EPS. Sell-side analysts anticipate that Enbridge will post 2.14 EPS for the current fiscal year.
Hedge Funds Weigh In On Enbridge
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Enbridge by 3.5% in the second quarter. Vanguard Group Inc. now owns 96,404,986 shares of the pipeline company's stock worth $4,371,580,000 after buying an additional 3,217,961 shares in the last quarter. GQG Partners LLC lifted its holdings in shares of Enbridge by 1.5% in the first quarter. GQG Partners LLC now owns 75,439,320 shares of the pipeline company's stock worth $3,338,405,000 after buying an additional 1,148,580 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Enbridge by 1.6% in the second quarter. TD Asset Management Inc now owns 39,883,394 shares of the pipeline company's stock worth $1,804,913,000 after buying an additional 617,577 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Enbridge by 137.9% in the first quarter. Goldman Sachs Group Inc. now owns 32,907,433 shares of the pipeline company's stock worth $1,458,128,000 after buying an additional 19,074,827 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Enbridge in the second quarter worth $1,113,368,000. Hedge funds and other institutional investors own 54.60% of the company's stock.
About Enbridge
(
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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