Enbridge (NYSE:ENB) Shares Down 0.4% - Should You Sell?

Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB fell 0.4% during mid-day trading on Wednesday . The stock traded as low as $45.35 and last traded at $45.48. 773,312 shares were traded during mid-day trading, a decline of 82% from the average session volume of 4,316,366 shares. The stock had previously closed at $45.64.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. CIBC reiterated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. Citigroup began coverage on shares of Enbridge in a report on Friday, April 4th. They set a "buy" rating for the company. TD Securities assumed coverage on Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating on the stock. Finally, Royal Bank of Canada boosted their target price on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $67.00.

Enbridge Stock Down 0.4 %

The company has a market capitalization of $99.02 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 3.92 and a beta of 0.80. The stock's fifty day simple moving average is $43.15 and its two-hundred day simple moving average is $42.85. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.23. The firm had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same period last year, the company posted $0.64 EPS. On average, sell-side analysts anticipate that Enbridge Inc. will post 2.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its position in Enbridge by 29.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 585,351 shares of the pipeline company's stock worth $25,937,000 after buying an additional 133,652 shares in the last quarter. TrueMark Investments LLC increased its position in Enbridge by 10.7% in the 1st quarter. TrueMark Investments LLC now owns 205,556 shares of the pipeline company's stock valued at $9,108,000 after acquiring an additional 19,935 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Enbridge by 3.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 371,982 shares of the pipeline company's stock worth $16,475,000 after buying an additional 10,807 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in Enbridge by 91.3% in the first quarter. Wolff Wiese Magana LLC now owns 765 shares of the pipeline company's stock valued at $34,000 after purchasing an additional 365 shares in the last quarter. Finally, Garde Capital Inc. acquired a new stake in Enbridge during the 1st quarter worth approximately $26,000. Institutional investors own 54.60% of the company's stock.

About Enbridge

Enbridge Inc, together with its subsidiaries, 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.

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