NYSE:ENBEnbridge Stock Price, Forecast & News

Enbridge's stock was trading at $31.19 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ENB shares have increased by 7.1% and is now trading at $33.4150.
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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.
View our earnings forecast for Enbridge.

Enbridge Inc (NYSE:ENB) issued its quarterly earnings data on Wednesday, July, 29th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.15. The pipeline company had revenue of $5.78 billion for the quarter, compared to analyst estimates 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 prior year, the firm earned $0.67 EPS.
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 7.21%. The ex-dividend date of this dividend is Thursday, August 13th. This is a boost from Enbridge's previous quarterly dividend of $0.57.
View Enbridge's dividend history.

19 equities research analysts have issued 12 month target prices for Enbridge's shares. Their forecasts range from $44.00 to $61.00. On average, they expect Enbridge's share price to reach $51.59 in the next year. This suggests a possible upside of 54.4% from the stock's current price.
View analysts' price targets for Enbridge.

News stories about ENB stock have been trending very positive this week, InfoTrie reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Enbridge earned a news impact score of 3.2 on InfoTrie's scale. They also assigned media 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 next several days.
View the latest news about Enbridge.

Enbridge saw a drop in short interest in July. As of July 31st, there was short interest totaling 4,880,000 shares, a drop of 22.2% from the July 15th total of 6,270,000 shares. Based on an average daily trading volume, of 3,500,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.2% of the company's stock are sold short.
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), NuStar Energy (NS), Holly Energy Partners (HEP), 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), 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 a number of retail and institutional investors. Top institutional shareholders include CIBC Asset Management Inc (1.01%), Swiss National Bank (0.43%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Morningstar Investment Services LLC (0.22%), Intact Investment Management Inc. (0.16%) and Kayne Anderson Capital Advisors LP (0.13%). 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, QV Investors Inc., Miller Howard Investments Inc. NY, St. James Investment Company LLC, Russell Investments Group Ltd., Intact Investment Management Inc., Synovus Financial Corp, and Verity & Verity LLC.
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ENB stock was acquired by a variety of institutional investors in the last quarter, including Swiss National Bank, Addenda Capital Inc., CIBC Asset Management Inc, Value Partners Investments Inc., Morningstar Investment Services LLC, Assenagon Asset Management S.A., Zurcher Kantonalbank Zurich Cantonalbank, and Chickasaw Capital 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 $33.42.

Enbridge has a market capitalization of $67.67 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]