Enbridge (NYSE:ENB) Trading Down 0.3% - What's Next?

Shares of Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB fell 0.3% on Thursday . The company traded as low as $41.01 and last traded at $41.63. 1,349,366 shares were traded during trading, a decline of 70% from the average session volume of 4,438,674 shares. The stock had previously closed at $41.77.

Wall Street Analyst Weigh In

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

Enbridge Stock Up 1.7 %

The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a 50 day simple moving average of $43.14 and a two-hundred day simple moving average of $42.67. The firm has a market capitalization of $95.86 billion, a P/E ratio of 25.58, a P/E/G ratio of 3.92 and a beta of 0.80.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last announced its quarterly earnings results on Friday, February 14th. The pipeline company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. The company 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 in the prior year, the company earned $0.64 earnings per share. On average, equities analysts predict that Enbridge Inc. will post 2.14 EPS for the current fiscal year.

Institutional Trading of Enbridge

A number of hedge funds and other institutional investors have recently bought and sold shares of ENB. McIlrath & Eck LLC lifted its stake in Enbridge by 74.9% in the third quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company's stock worth $28,000 after acquiring an additional 295 shares during the period. Albion Financial Group UT acquired a new position in Enbridge during the 4th quarter valued at about $29,000. Wintrust Investments LLC raised its stake in Enbridge by 47.8% in 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. GeoWealth Management LLC grew its position in Enbridge by 436.4% during the 4th quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company's stock worth $32,000 after purchasing an additional 611 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Enbridge during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 54.60% of the company's stock.

Enbridge Company Profile

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.