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 research firms have recently issued reports on ENB. Raymond James lifted their price objective on shares of Enbridge from C$55.00 to C$57.00 and gave the company a "market perform" rating in a research note on Tuesday, August 2nd. Scotiabank lifted their price objective on shares of Enbridge from C$58.00 to C$62.00 in a research note on Tuesday, April 19th. CSFB dropped their price objective on shares of Enbridge from C$62.00 to C$58.00 in a research note on Friday, July 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Enbridge from C$61.00 to C$62.00 in a research note on Wednesday, May 25th. Finally, National Bankshares lifted their price target on shares of Enbridge from C$60.00 to C$61.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 2nd. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Enbridge presently has a consensus rating of "Moderate Buy" and an average price target of C$58.83.

Enbridge Price Performance

Enbridge stock traded down C$0.33 during midday trading on Monday, hitting C$55.22. The company's stock had a trading volume of 3,670,959 shares, compared to its average volume of 9,619,791. The stock's 50-day moving average price is C$55.46 and its 200-day moving average price is C$56.09. The company has a quick ratio of 0.46, a current ratio of 0.58 and a debt-to-equity ratio of 122.20. The company has a market capitalization of C$111.81 billion and a PE ratio of 23.05. Enbridge has a 12 month low of C$46.88 and a 12 month high of C$59.69.

Enbridge (TSE:ENB - Get Rating) (NYSE:ENB) last posted its quarterly earnings data on Friday, July 29th. The company reported C$0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.72 by C($0.05). The business had revenue of C$13.22 billion during the quarter. Analysts anticipate that Enbridge will post 3.0799999 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be paid a dividend of $0.86 per share. The ex-dividend date is Friday, August 12th. This represents a $3.44 annualized dividend and a yield of 6.23%. Enbridge's dividend payout ratio (DPR) is presently 140.66%.