Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB shares rose 0.8% during trading on Monday . The stock traded as high as $42.73 and last traded at $42.67. Approximately 601,001 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 4,872,663 shares. The stock had previously closed at $42.33.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Wells Fargo & Company raised Enbridge from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 6th. Morgan Stanley started coverage on shares of Enbridge in a report on Friday, October 25th. They issued an "equal weight" rating on the stock. Finally, Jefferies Financial Group lowered shares of Enbridge from a "buy" rating to a "hold" rating in a research note on Monday, September 30th.
View Our Latest Stock Report on Enbridge
Enbridge Stock Performance
The firm has a market cap of $93.10 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 4.11 and a beta of 0.93. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.62 and a quick ratio of 0.68. The firm has a fifty day simple moving average of $40.92 and a two-hundred day simple moving average of $38.23.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.15. Enbridge had a net margin of 13.54% and a return on equity of 9.94%. The business had revenue of $10.91 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter last year, the company posted $0.46 earnings per share. On average, analysts expect that Enbridge Inc. will post 2.06 EPS for the current year.
Enbridge Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be issued a dividend of $0.676 per share. This is an increase from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.33%. Enbridge's payout ratio is 122.22%.
Institutional Trading of Enbridge
Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Enbridge by 1.5% during the first quarter. Vanguard Group Inc. now owns 84,280,486 shares of the pipeline company's stock worth $3,049,268,000 after buying an additional 1,227,031 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Enbridge by 0.9% in the 1st quarter. TD Asset Management Inc now owns 38,087,489 shares of the pipeline company's stock valued at $1,377,708,000 after purchasing an additional 337,729 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in Enbridge by 3.9% in the 1st quarter. 1832 Asset Management L.P. now owns 36,649,579 shares of the pipeline company's stock worth $1,325,982,000 after purchasing an additional 1,360,439 shares during the period. Cibc World Market Inc. boosted its position in Enbridge by 12.8% during the second quarter. Cibc World Market Inc. now owns 32,531,675 shares of the pipeline company's stock worth $1,157,802,000 after purchasing an additional 3,693,495 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Enbridge by 4.0% in the third quarter. CIBC Asset Management Inc now owns 24,161,024 shares of the pipeline company's stock valued at $984,205,000 after purchasing an additional 936,863 shares during the period. 54.60% of the stock is owned by hedge funds and other institutional investors.
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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