Enbridge Inc. (NYSE:ENB) Receives Consensus Recommendation of "Hold" from Analysts

Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB has received a consensus recommendation of "Hold" from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $55.20.

Several research analysts have commented on the stock. Stifel Nicolaus assumed coverage on shares of Enbridge in a report on Thursday, January 18th. They set a "hold" rating for the company. Jefferies Financial Group initiated coverage on shares of Enbridge in a report on Tuesday, February 27th. They set a "buy" rating for the company.

Enbridge Stock Performance

Shares of ENB stock traded up $0.48 during trading hours on Monday, hitting $35.94. The company's stock had a trading volume of 4,289,627 shares, compared to its average volume of 5,605,393. The company has a 50 day moving average of $35.23 and a 200 day moving average of $34.54. The stock has a market cap of $76.38 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 3.35 and a beta of 0.83. The company has a current ratio of 0.83, a quick ratio of 0.74 and a debt-to-equity ratio of 1.30. Enbridge has a 12-month low of $31.03 and a 12-month high of $40.30.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $9.62 billion. Enbridge had a net margin of 13.97% and a return on equity of 10.23%. On average, sell-side analysts forecast that Enbridge will post 2.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Enbridge

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quilter Plc purchased a new position in Enbridge in the 1st quarter worth about $293,879,000. Coppell Advisory Solutions Corp. purchased a new position in Enbridge in the 4th quarter worth about $25,000. Industrial Alliance Investment Management Inc. purchased a new position in Enbridge in the 4th quarter worth about $25,000. Coppell Advisory Solutions LLC purchased a new position in Enbridge in the 2nd quarter worth about $26,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Enbridge in the 1st quarter worth about $27,000. 54.60% of the stock is currently owned by institutional investors.

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.