NYSE:ENBEnbridge Stock Price, Forecast & News

$33.28

-0.04 (-0.12 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$33.27

Now: $33.28▼

$33.86

50-Day Range

$28.13

MA: $30.82▼

$33.32

52-Week Range

$22.57

Now: $33.28▼

$43.15

Volume2.76 million shs

Average Volume5.27 million shs

Market Capitalization$67.40 billion

P/E Ratio44.37

Dividend Yield6.90%

Beta0.84

Enbridge Inc. operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. The Gas Transmission and Midstream segment owns interests in natural gas pipelines, and gathering and processing facilities. The Gas Distribution segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as in Quebec and New Brunswick. The Green Power and Transmission segment operates renewable energy assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission facilities in the provinces of Alberta, Ontario, and Quebec, Canada; and in Colorado, Texas, Indiana, and West Virginia, the United States. The Energy Services segment provides energy marketing services to refiners, producers, and other customers; transportation, storage, supply management, and product exchange services; crude oil, natural gas, NGL, and power marketing services; and physical commodity marketing and logistical services. 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.

Beat the Market (BTM) Rank^™

4.4 Analyst's Opinion

Consensus Rating
Enbridge has received a consensus rating of Buy. The company's average rating score is 2.76, and is based on 14 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $51.20, Enbridge has a potential upside of 53.8% from its current price of $33.28.
Amount of Analyst Coverage
Enbridge has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Enbridge has received 715 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Enbridge has received 624 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Enbridge has received 53.40% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Enbridge and other stocks. Vote “Outperform” if you believe ENB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ENB will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Enbridge is a leading dividend payer. It pays a dividend yield of 6.90%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Enbridge has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Enbridge is 115.00 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Enbridge will have a dividend payout ratio of 116.75 % in the coming year. This indicates that Enbridge may not be able to sustain their current dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Enbridge insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.42% of the stock of Enbridge is held by insiders.
Percentage Held by Institutions
54.71% of the stock of Enbridge is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Enbridge are expected to grow by 6.49% in the coming year, from $1.85 to $1.97 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Enbridge is 44.37, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of Enbridge is 44.37, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.06.
Price to Earnings Growth Ratio
Enbridge has a PEG Ratio of 1.85. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Enbridge has a P/B Ratio of 1.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.24 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Pipelines, except natural gas

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNYSE:ENB

Previous Symbol

CUSIPN/A

CIK895728

Webwww.enbridge.com

Phone403-231-3900

Debt

Debt-to-Equity Ratio0.98

Current Ratio0.58

Quick Ratio0.53

Price-To-Earnings

Trailing P/E Ratio44.37

Forward P/E Ratio17.99

P/E Growth1.85

Sales & Book Value

Annual Sales$37.73 billion

Price / Sales1.79

Cash Flow$3.42 per share

Price / Cash Flow9.73

Book Value$22.95 per share

Price / Book1.45

Profitability

EPS (Most Recent Fiscal Year)$2.00

Net Income$4.30 billion

Net Margins4.88%

Return on Equity8.84%

Return on Assets3.40%

Miscellaneous

Employees11,300

Outstanding Shares2,025,100,000

Market Cap$67.40 billion

Next Earnings Date8/7/2020 (Estimated)

OptionableOptionable

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Enbridge (NYSE:ENB) Frequently Asked Questions

How has Enbridge's stock been impacted by COVID-19 (Coronavirus)?

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 increased by 6.7% and is now trading at $33.28. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Enbridge?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last year. There are currently 1 sell rating, 2 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Enbridge.

When is Enbridge's next earnings date?

Enbridge is scheduled to release its next quarterly earnings announcement on Friday, August 7th 2020. View our earnings forecast for Enbridge.

How were Enbridge's earnings last quarter?

Enbridge Inc (NYSE:ENB) issued its quarterly earnings results on Thursday, May, 7th. The pipeline company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.32. The pipeline company had revenue of $8.96 billion for the quarter, compared to the consensus estimate of $8.52 billion. Enbridge had a return on equity of 8.84% and a net margin of 4.88%. During the same period in the prior year, the business earned $0.81 earnings per share. View Enbridge's earnings history.

How often does Enbridge pay dividends? What is the dividend yield for Enbridge?

Enbridge declared a quarterly dividend on Wednesday, December 11th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.6119 per share on Sunday, March 1st. This represents a $2.45 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date of this dividend is Thursday, February 13th. This is a positive change from Enbridge's previous quarterly dividend of $0.56. View Enbridge's dividend history.

What price target have analysts set for ENB?

17 brokerages have issued 12 month target prices for Enbridge's stock. Their forecasts range from $37.00 to $63.00. On average, they expect Enbridge's stock price to reach $51.20 in the next year. This suggests a possible upside of 53.8% from the stock's current price. View analysts' price targets for Enbridge.

Has Enbridge been receiving favorable news coverage?

Media coverage about ENB stock has been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Enbridge earned a news impact score of 1.8 on InfoTrie's scale. They also assigned news coverage about the pipeline company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news aboutEnbridge.

Are investors shorting Enbridge?

Enbridge saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 9,750,000 shares, a drop of 19.1% from the April 15th total of 12,050,000 shares. Based on an average daily trading volume, of 6,320,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.5% of the company's shares are sold short. View Enbridge's Current Options Chain.

Who are some of Enbridge's key competitors?

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), Plains GP (PAGP), NuStar Energy (NS), Holly Energy Partners (HEP), BP Midstream Partners (BPMP), Noble Midstream Partners (NBLX), Delek Logistics Partners (DKL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP). View all competitors.

What other stocks do shareholders of Enbridge own?

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).

Who are Enbridge's key executives?

Enbridge's management team includes the following people:

Mr. Al Monaco, Pres, CEO & Director (Age 59)
Mr. John K. Whelen, Exec. VP & CFO (Age 59)
Mr. Robert R. Rooney Q.C., LLB, QC, Exec. VP & Chief Legal Officer (Age 62)
Mr. D. Guy Jarvis, Exec. VP & Pres of Liquids Pipelines (Age 55)
Mr. William Turner Yardley, Exec. VP and Pres of Gas Transmission & Midstream (Age 54)

What is Enbridge's stock symbol?

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

Who are Enbridge's major shareholders?

Enbridge's stock is owned by a number of institutional and retail investors. Top institutional investors include Capital International Investors (7.69%), The Manufacturers Life Insurance Company (1.48%), Caisse DE Depot ET Placement DU Quebec (1.25%), Deutsche Bank AG (1.09%), CIBC Asset Management Inc (0.99%) and Harvest Fund Advisors LLC (0.93%). 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.

Which major investors are selling Enbridge stock?

ENB stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, 1832 Asset Management L.P., Toronto Dominion Bank, Deutsche Bank AG, Mitsubishi UFJ Trust & Banking Corp, Healthcare of Ontario Pension Plan Trust Fund, Massachusetts Financial Services Co. MA, and Caisse DE Depot ET Placement DU Quebec. View insider buying and selling activity for Enbridge.

Which major investors are buying Enbridge stock?

ENB stock was acquired by a variety of institutional investors in the last quarter, including Capital International Investors, The Manufacturers Life Insurance Company , AGF Investments Inc., Wellington Management Group LLP, Pictet Asset Management Ltd., Harvest Fund Advisors LLC, Connor Clark & Lunn Investment Management Ltd., and Bartlett & Co. 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.

How do I buy shares of 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.

What is Enbridge's stock price today?

One share of ENB stock can currently be purchased for approximately $33.28.

How big of a company is Enbridge?

Enbridge has a market capitalization of $67.40 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.

What is Enbridge's official website?

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

How can I contact Enbridge?

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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff