Enbridge - ENB Stock Forecast, Price & News

Enbridge Inc. 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. The Gas Transmission and Midstream segment invests in natural gas pipelines, and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution and energy transportation activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission assets in North America and Europe. The Energy Services segment provides energy marketing services to refiners, producers, and other customers; and physical commodity marketing and logistical services in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

Enbridge Stock Down 1.1 %

ENB traded down $0.48 during trading on Friday, reaching $42.77. The company had a trading volume of 3,747,014 shares, compared to its average volume of 2,710,310. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.60. Enbridge has a 12 month low of $36.21 and a 12 month high of $47.67. The business's fifty day moving average price is $43.35 and its 200 day moving average price is $43.83. The company has a market cap of $86.60 billion, a P/E ratio of 22.51, a PEG ratio of 3.07 and a beta of 0.78.

Enbridge (NYSE:ENB - Get Rating) (TSE:ENB) last announced its quarterly earnings data on Friday, July 29th. The pipeline company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.10. Enbridge had a net margin of 9.98% and a return on equity of 10.46%. During the same period last year, the firm earned $0.55 EPS. Equities analysts anticipate that Enbridge will post 2.32 EPS for the current year.

Enbridge Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be given a $0.668 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend is Friday, August 12th. Enbridge's dividend payout ratio is presently 140.00%.

Wall Street Analyst Weigh In

ENB has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of Enbridge from C$60.00 to C$67.00 in a research report on Tuesday, April 26th. Royal Bank of Canada lifted their price target on shares of Enbridge from C$60.00 to C$65.00 in a research report on Monday, May 9th. Industrial Alliance Securities upgraded shares of Enbridge from a "hold" rating to a "buy" rating and set a C$60.00 price target for the company in a research report on Wednesday. TD Securities lifted their price target on shares of Enbridge from C$61.00 to C$62.00 in a research report on Monday, May 9th. Finally, Scotiabank boosted their price objective on shares of Enbridge from C$58.00 to C$62.00 in a report on Tuesday, April 19th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $58.46.