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.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Securities upped their target price on Enbridge from C$61.00 to C$62.00 in a report on Monday, May 9th. Industrial Alliance Securities upgraded Enbridge from a "hold" rating to a "buy" rating and set a C$60.00 price objective on the stock in a research note on Wednesday, August 3rd. Raymond James raised their target price on shares of Enbridge from C$55.00 to C$57.00 in a research note on Tuesday, August 2nd. Morgan Stanley upped their price target on shares of Enbridge from C$60.00 to C$67.00 in a research report on Tuesday, April 26th. Finally, US Capital Advisors downgraded shares of Enbridge from an "overweight" rating to a "hold" rating in a research report on Tuesday, July 26th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Enbridge has an average rating of "Moderate Buy" and a consensus price target of $58.46.

Enbridge Stock Performance

Shares of Enbridge stock traded up $0.50 on Monday, hitting $43.27. The stock had a trading volume of 74,089 shares, compared to its average volume of 4,292,443. The stock has a market cap of $87.61 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 3.07 and a beta of 0.78. The business's 50 day moving average is $43.35 and its two-hundred day moving average is $43.85. The company has a quick ratio of 0.49, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. Enbridge has a twelve month low of $36.21 and a twelve month high of $47.67.

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 return on equity of 10.46% and a net margin of 9.98%. During the same quarter in the previous year, the business posted $0.55 EPS. Analysts forecast 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. Shareholders of record on Monday, August 15th will be issued a $0.668 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date is Friday, August 12th. Enbridge's dividend payout ratio is currently 140.00%.