Enbridge Sees Unusually High Options Volume (NYSE:ENB)

Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB was the target of some unusual options trading activity on Wednesday. Traders purchased 20,216 put options on the company. This represents an increase of 1,036% compared to the average volume of 1,779 put options.

Hedge Funds Weigh In On Enbridge

Several institutional investors have recently added to or reduced their stakes in the company. Aegis Wealth Management LLC bought a new position in Enbridge during the 4th quarter valued at about $348,000. Elite Financial Inc. acquired a new stake in shares of Enbridge during the 4th quarter worth approximately $601,000. Comprehensive Money Management Services LLC acquired a new stake in shares of Enbridge during the 4th quarter worth approximately $425,000. Capital A Wealth Management LLC acquired a new stake in shares of Enbridge during the 4th quarter worth approximately $39,000. Finally, Integrated Advisors Network LLC grew its holdings in Enbridge by 71.9% during the fourth quarter. Integrated Advisors Network LLC now owns 14,330 shares of the pipeline company's stock valued at $608,000 after purchasing an additional 5,996 shares during the period. 54.60% of the stock is owned by institutional investors.

Enbridge Price Performance

Shares of NYSE:ENB traded up $0.40 during midday trading on Friday, reaching $42.00. 3,144,296 shares of the company's stock were exchanged, compared to its average volume of 4,411,846. The company's 50 day simple moving average is $43.45 and its two-hundred day simple moving average is $42.08. The firm has a market capitalization of $91.51 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 3.92 and a beta of 0.95. Enbridge has a 12 month low of $32.85 and a 12 month high of $45.78. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55.

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Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released 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 company had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same period last year, the firm earned $0.64 EPS. Equities research analysts expect that Enbridge will post 2.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ENB. Royal Bank of Canada raised their target price on shares of Enbridge from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. TD Securities began coverage on shares of Enbridge in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $67.00.

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.