Enbridge Inc. (NYSE:ENB) Receives $55.20 Consensus Price Target from Brokerages

Shares of Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB have been given a consensus rating of "Hold" by the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $55.20.

A number of analysts recently weighed in on ENB shares. Jefferies Financial Group initiated coverage on shares of Enbridge in a research note on Tuesday, February 27th. They issued a "buy" rating for the company. Stifel Nicolaus initiated coverage on shares of Enbridge in a report on Thursday, January 18th. They set a "hold" rating on the stock.

Enbridge Trading Up 2.9 %

Shares of NYSE:ENB traded up $1.00 during trading on Friday, reaching $34.90. 10,628,056 shares of the company were exchanged, compared to its average volume of 5,528,293. The business's fifty day simple moving average is $35.02 and its 200-day simple moving average is $34.64. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. Enbridge has a 12-month low of $31.03 and a 12-month high of $40.30. The firm has a market capitalization of $74.20 billion, a PE ratio of 16.32, a P/E/G ratio of 3.15 and a beta of 0.84.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a return on equity of 10.23% and a net margin of 13.97%. The firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $9.62 billion. On average, research analysts anticipate that Enbridge will post 2.12 EPS for the current year.

Institutional Trading of Enbridge

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Enbridge by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 83,053,455 shares of the pipeline company's stock worth $2,991,585,000 after acquiring an additional 1,561,598 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its position in Enbridge by 109,143.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 48,468,082 shares of the pipeline company's stock valued at $1,895,102,000 after buying an additional 48,423,715 shares during the last quarter. TD Asset Management Inc increased its holdings in Enbridge by 24.9% in the 4th quarter. TD Asset Management Inc now owns 37,749,760 shares of the pipeline company's stock worth $1,365,583,000 after buying an additional 7,536,678 shares during the period. 1832 Asset Management L.P. raised its position in Enbridge by 2.5% during the 4th quarter. 1832 Asset Management L.P. now owns 35,289,140 shares of the pipeline company's stock worth $1,271,115,000 after buying an additional 846,796 shares during the last quarter. Finally, Canoe Financial LP lifted its stake in Enbridge by 80,631.1% during the 4th quarter. Canoe Financial LP now owns 33,460,611 shares of the pipeline company's stock valued at $1,205,251,000 after acquiring an additional 33,419,164 shares during the period. Institutional investors and hedge funds own 54.60% of the company's stock.

About Enbridge

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.