NYSE:ENBEnbridge Stock Price, Forecast & News

Enbridge's stock was trading at $31.19 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ENB shares have increased by 1.9% and is now trading at $31.77.
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19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last year. There are currently 1 sell rating, 3 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Enbridge is scheduled to release its next quarterly earnings announcement on Friday, November 13th 2020.
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Enbridge Inc (NYSE:ENB) announced its quarterly earnings results on Wednesday, July, 29th. The pipeline company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.41 by $0.15. The pipeline company had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $8.54 billion. Enbridge had a net margin of 5.17% and a return on equity of 8.61%. During the same quarter in the previous year, the business earned $0.67 earnings per share.
View Enbridge's earnings history.

Enbridge declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Friday, August 14th will be paid a dividend of $0.6021 per share on Tuesday, September 1st. This represents a $2.41 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date of this dividend is Thursday, August 13th. This is an increase from Enbridge's previous quarterly dividend of $0.57.
View Enbridge's dividend history.

19 equities research analysts have issued twelve-month price targets for Enbridge's stock. Their forecasts range from $44.00 to $61.00. On average, they expect Enbridge's share price to reach $51.59 in the next twelve months. This suggests a possible upside of 62.4% from the stock's current price.
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News coverage about ENB stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Enbridge earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave news coverage about the pipeline company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
View the latest news about Enbridge.

Enbridge saw a decline in short interest in the month of July. As of July 15th, there was short interest totaling 4,880,000 shares, a decline of 22.2% from the June 30th total of 6,270,000 shares. Based on an average daily trading volume, of 3,500,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.2% of the shares of the stock are sold short.
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Some companies that are related to Enbridge include Mplx (MPLX), Magellan Midstream Partners (MMP), Phillips 66 Partners (PSXP), Plains All American Pipeline (PAA), Shell Midstream Partners (SHLX), NuStar Energy (NS), Plains GP (PAGP), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), Delek Logistics Partners (DKL), Noble Midstream Partners (NBLX), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Enbridge investors own include AT&T (T), Intel (INTC), Enterprise Products Partners (EPD), AbbVie (ABBV), Verizon Communications (VZ), Pfizer (PFE), Exxon Mobil (XOM), Cisco Systems (CSCO), Energy Transfer LP Unit (ET) and Johnson & Johnson (JNJ).

Enbridge trades on the New York Stock Exchange (NYSE) under the ticker symbol "ENB."

Enbridge's stock is owned by many different institutional and retail investors. Top institutional investors include CIBC Asset Management Inc (1.01%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Morningstar Investment Services LLC (0.22%), Intact Investment Management Inc. (0.16%), Raymond James & Associates (0.12%) and Addenda Capital Inc. (0.11%). Company insiders that own Enbridge stock include Albert Monaco, Allen C Capps, Byron C Neiles, Cynthia L Hansen and William T Yardley.
View institutional ownership trends for Enbridge.

ENB stock was sold by a variety of institutional investors in the last quarter, including QV Investors Inc., Miller Howard Investments Inc. NY, Intact Investment Management Inc., Verity & Verity LLC, M&G Investment Management Ltd., Trust Co. of Vermont, Raymond James & Associates, and Jacobi Capital Management LLC.
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ENB stock was acquired by a variety of institutional investors in the last quarter, including Addenda Capital Inc., CIBC Asset Management Inc, Value Partners Investments Inc., Morningstar Investment Services LLC, Assenagon Asset Management S.A., Zurcher Kantonalbank Zurich Cantonalbank, Chickasaw Capital Management LLC, and Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have bought Enbridge stock in the last two years include Albert Monaco, and Cynthia L Hansen.
View insider buying and selling activity for Enbridge.

Shares of ENB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ENB stock can currently be purchased for approximately $31.77.

Enbridge has a market capitalization of $64.34 billion and generates $37.73 billion in revenue each year. The pipeline company earns $4.30 billion in net income (profit) each year or $2.00 on an earnings per share basis. Enbridge employs 11,300 workers across the globe.

The official website for Enbridge is www.enbridge.com.

Enbridge's mailing address is 200 Fifth Avenue Place 425 1st Street S.W., CALGARY A0, T2P 3L8. The pipeline company can be reached via phone at 403-231-3900 or via email at [email protected]