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NYSE:ENB

Enbridge Stock Forecast, Price & News

$30.50
-0.34 (-1.10 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$30.42
Now: $30.50
$30.73
50-Day Range
$30.84
MA: $32.30
$33.98
52-Week Range
$22.57
Now: $30.50
$43.15
Volume2.45 million shs
Average Volume4.30 million shs
Market Capitalization$61.76 billion
P/E Ratio43.57
Dividend Yield7.94%
Beta0.83
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.07 out of 5 stars


Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
CUSIPN/A
Phone403-231-3900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$37.73 billion
Cash Flow$3.32 per share
Book Value$22.95 per share

Profitability

Net Income$4.30 billion

Miscellaneous

Employees11,300
Outstanding Shares2,025,000,000
Market Cap$61.76 billion
Next Earnings Date11/13/2020 (Estimated)
OptionableOptionable
$30.50
-0.34 (-1.10 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Enbridge (NYSE:ENB) Frequently Asked Questions

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

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.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Enbridge?

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."
View analyst ratings for Enbridge
.

When is Enbridge's next earnings date?

Enbridge is scheduled to release its next quarterly earnings announcement on Friday, November 13th 2020.
View our earnings forecast for Enbridge
.

How were Enbridge's earnings last quarter?

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
.

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

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
.

What price target have analysts set for ENB?

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
.

Are investors shorting 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
.

Who are some of Enbridge's key 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), Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Enterprise Products Partners (EPD), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Exxon Mobil (XOM) and Chevron (CVX).

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 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
.

Which major investors are selling Enbridge stock?

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
.

Which major investors are buying Enbridge stock?

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
.

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 $30.50.

How big of a company is Enbridge?

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.

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 9/19/2020 by MarketBeat.com Staff

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