Enbridge Stock Forecast, Price & News

Enbridge's stock was trading at $31.19 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ENB stock has decreased by 2.2% and is now trading at $30.50.
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20 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 16 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.
View our earnings forecast for Enbridge.

Enbridge Inc (NYSE:ENB) released its quarterly earnings results on Wednesday, July, 29th. The pipeline company reported $0.56 earnings per share (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 return on equity of 8.61% and a net margin of 5.17%. During the same period in the prior year, the business posted $0.67 EPS.
View Enbridge's earnings history.

Enbridge announced a quarterly dividend on Thursday, July 23rd. Investors 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 annualized dividend and a dividend yield of 7.90%. The ex-dividend date is Thursday, August 13th. This is a positive change from Enbridge's previous quarterly dividend of $0.57.
View Enbridge's dividend history.

20 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 $51.50 in the next twelve months. This suggests a possible upside of 68.9% from the stock's current price.
View analysts' price targets for Enbridge.

Enbridge saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 7,190,000 shares, a decline of 59.2% from the August 15th total of 17,640,000 shares. Based on an average daily volume of 2,920,000 shares, the short-interest ratio is currently 2.5 days. Currently, 0.4% of the shares of the company are short sold.
View Enbridge's Short Interest.

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), Holly Energy Partners (HEP), NuStar Energy (NS), Plains GP (PAGP), 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), Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Enterprise Products Partners (EPD), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Exxon Mobil (XOM) and Chevron (CVX).

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

Enbridge's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.32%), TD Asset Management Inc. (2.13%), Jarislowsky Fraser Ltd (1.26%), Bank of Nova Scotia (1.04%), CIBC Asset Management Inc (1.01%) and Great West Life Assurance Co. Can (0.76%). 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 Toronto Dominion Bank, Goldman Sachs Group Inc., QV Investors Inc., TD Asset Management Inc., Bank of Nova Scotia, Salient Capital Advisors LLC, Verition Fund Management LLC, and Healthcare of Ontario Pension Plan Trust Fund.
View insider buying and selling activity for Enbridge.

ENB stock was bought by a variety of institutional investors in the last quarter, including Blackstone Group Inc, Brookfield Asset Management Inc., Toronto Dominion Bank, Bank of New York Mellon Corp, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Montrusco Bolton Investments Inc., Holocene Advisors LP, and Luminus Management LLC. 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 $30.50.

Enbridge has a market capitalization of $61.76 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]