Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB shares traded up 0.9% during trading on Tuesday . The stock traded as high as $44.57 and last traded at $44.40. 802,342 shares were traded during trading, a decline of 82% from the average session volume of 4,427,579 shares. The stock had previously closed at $44.02.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on ENB shares. Citigroup began coverage on Enbridge in a research note on Friday, April 4th. They set a "buy" rating on the stock. CIBC reiterated an "outperform" rating on shares of Enbridge in a research note on Wednesday, March 5th. TD Securities initiated coverage on Enbridge in a report on Wednesday, January 15th. They set a "buy" rating on the stock. Finally, Royal Bank of Canada lifted their price objective on shares of Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $67.00.
Check Out Our Latest Stock Report on ENB
Enbridge Trading Up 1.7 %
The business's 50-day moving average price is $43.15 and its two-hundred day moving average price is $42.78. The firm has a market cap of $98.76 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.55 and a quick ratio of 0.54.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. The business had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. Equities analysts expect that Enbridge Inc. will post 2.14 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. apricus wealth LLC increased its stake in shares of Enbridge by 1.1% in the fourth quarter. apricus wealth LLC now owns 20,615 shares of the pipeline company's stock worth $875,000 after purchasing an additional 220 shares during the period. Cornerstone Wealth Management LLC increased its position in Enbridge by 0.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 29,503 shares of the pipeline company's stock worth $1,252,000 after acquiring an additional 227 shares during the period. Armstrong Advisory Group Inc. boosted its holdings in Enbridge by 3.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 7,508 shares of the pipeline company's stock valued at $319,000 after purchasing an additional 230 shares during the period. Wintrust Investments LLC raised its position in shares of Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock valued at $31,000 after buying an additional 238 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its stake in shares of Enbridge by 10.6% in the fourth quarter. Eagle Bay Advisors LLC now owns 2,507 shares of the pipeline company's stock valued at $106,000 after purchasing an additional 240 shares in the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.
About Enbridge
(
Get Free Report)
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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