Enbridge Inc (NYSE:ENB) (TSE:ENB) has received an average recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $52.33.
Several brokerages recently weighed in on ENB. BidaskClub raised Enbridge from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research raised Enbridge from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, GMP Securities cut Enbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th.
Large investors have recently added to or reduced their stakes in the stock. Spectrum Management Group Inc. acquired a new position in shares of Enbridge in the 3rd quarter valued at $113,000. NEXT Financial Group Inc boosted its position in shares of Enbridge by 17.7% in the 2nd quarter. NEXT Financial Group Inc now owns 2,731 shares of the pipeline company’s stock valued at $109,000 after purchasing an additional 411 shares during the period. First Personal Financial Services boosted its position in shares of Enbridge by 16.4% in the 2nd quarter. First Personal Financial Services now owns 2,825 shares of the pipeline company’s stock valued at $112,000 after purchasing an additional 397 shares during the period. Welch Group LLC acquired a new position in shares of Enbridge in the 2nd quarter valued at $121,000. Finally, San Francisco Sentry Investment Group CA acquired a new position in shares of Enbridge in the 2nd quarter valued at $159,000. Institutional investors and hedge funds own 61.49% of the company’s stock.
Shares of Enbridge (NYSE:ENB) traded down $0.16 during mid-day trading on Friday, reaching $36.48. The company had a trading volume of 2,128,700 shares, compared to its average volume of 2,653,593. Enbridge has a fifty-two week low of $36.33 and a fifty-two week high of $44.51. The company has a market capitalization of $60,325.12, a PE ratio of 23.69, a P/E/G ratio of 2.27 and a beta of 0.65. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.64 and a quick ratio of 0.50.
Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Thursday, November 2nd. The pipeline company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Enbridge had a return on equity of 5.62% and a net margin of 7.49%. The business had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter last year, the business posted $0.47 earnings per share. sell-side analysts expect that Enbridge will post 1.53 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.474 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 5.20%. Enbridge’s dividend payout ratio (DPR) is 123.90%.
Enbridge Company Profile
Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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