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.

Analyst Ratings Changes

A number of analysts have recently weighed in on ENB shares. Raymond James upped their price target on shares of Enbridge from C$55.00 to C$57.00 in a report on Tuesday. US Capital Advisors downgraded shares of Enbridge from an "overweight" rating to a "hold" rating in a report on Tuesday, July 26th. Industrial Alliance Securities upgraded shares of Enbridge from a "hold" rating to a "buy" rating and set a C$60.00 price objective for the company in a research report on Wednesday. TD Securities upped their price objective on shares of Enbridge from C$61.00 to C$62.00 in a research report on Monday, May 9th. Finally, National Bank Financial upped their price objective on shares of Enbridge from C$60.00 to C$61.00 in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $58.46.

Enbridge Trading Down 1.1 %

Shares of ENB traded down $0.48 during trading hours on Friday, hitting $42.77. 3,747,014 shares of the stock were exchanged, compared to its average volume of 2,710,310. Enbridge has a fifty-two week low of $36.21 and a fifty-two week high of $47.67. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.60. The business has a 50-day moving average of $43.35 and a 200-day moving average of $43.83. The firm has a market capitalization of $86.60 billion, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 3.10 and a beta of 0.78.

Enbridge (NYSE:ENB - Get Rating) (TSE:ENB) last posted its quarterly earnings data on Friday, July 29th. The pipeline company reported $0.67 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $0.55 earnings per share. On average, research analysts expect that Enbridge will post 2.32 EPS for the current year.

Enbridge Cuts Dividend

The company 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 dividend of $0.668 per share. This represents a $2.67 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Friday, August 12th. Enbridge's dividend payout ratio (DPR) is presently 140.00%.