Enbridge Inc. (NYSE:ENB) Short Interest Update

Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 30,700,000 shares, an increase of 49.8% from the March 15th total of 20,490,000 shares. Approximately 1.4% of the company's stock are sold short. Based on an average daily volume of 4,170,000 shares, the days-to-cover ratio is currently 7.4 days.

Enbridge Stock Up 1.7 %

NYSE:ENB traded up $0.75 on Friday, hitting $45.32. The stock had a trading volume of 4,781,000 shares, compared to its average volume of 4,391,070. The firm's fifty day simple moving average is $43.15 and its two-hundred day simple moving average is $42.78. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. Enbridge has a 1 year low of $33.92 and a 1 year high of $46.12. The stock has a market cap of $98.76 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its earnings results 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 for the quarter, compared to analysts' expectations 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 previous year, the business posted $0.64 EPS. Analysts predict that Enbridge will post 2.14 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Metis Global Partners LLC boosted its holdings in shares of Enbridge by 4.0% during the fourth quarter. Metis Global Partners LLC now owns 206,921 shares of the pipeline company's stock worth $8,782,000 after purchasing an additional 7,986 shares during the period. Aviso Financial Inc. raised its position in shares of Enbridge by 4.3% in the 4th quarter. Aviso Financial Inc. now owns 1,417,584 shares of the pipeline company's stock worth $60,152,000 after acquiring an additional 58,176 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Enbridge by 70.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,296,374 shares of the pipeline company's stock valued at $52,648,000 after purchasing an additional 536,818 shares during the period. Vanguard Group Inc. boosted its position in shares of Enbridge by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 91,617,146 shares of the pipeline company's stock valued at $3,888,507,000 after purchasing an additional 3,611,421 shares in the last quarter. Finally, Sound Income Strategies LLC grew its stake in Enbridge by 8.6% in the fourth quarter. Sound Income Strategies LLC now owns 631,820 shares of the pipeline company's stock worth $26,808,000 after purchasing an additional 49,800 shares during the period. 54.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ENB shares. Royal Bank of Canada upped their price objective on 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 Enbridge in a research report on Wednesday, January 15th. They issued a "buy" rating on the stock. CIBC reaffirmed an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Finally, Citigroup assumed coverage on Enbridge in a research note on Friday, April 4th. They set a "buy" rating on the stock. Three research analysts have rated the stock with a hold rating and four have given 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 price target 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.