Enbridge Sees Unusually Large Options Volume (NYSE:ENB)

Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB saw some unusual options trading on Wednesday. Investors bought 20,216 put options on the company. This is an increase of 1,036% compared to the typical volume of 1,779 put options.

Institutional Trading of Enbridge

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Enbridge in the fourth quarter worth approximately $909,415,000. Arrowstreet Capital Limited Partnership grew its position in Enbridge by 396.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,047,004 shares of the pipeline company's stock valued at $510,816,000 after acquiring an additional 9,621,425 shares during the last quarter. Blackstone Inc. increased its stake in Enbridge by 650.7% in the fourth quarter. Blackstone Inc. now owns 5,718,089 shares of the pipeline company's stock worth $242,619,000 after purchasing an additional 4,956,379 shares during the period. Deutsche Bank AG lifted its position in shares of Enbridge by 13.9% during the fourth quarter. Deutsche Bank AG now owns 36,336,212 shares of the pipeline company's stock worth $1,541,745,000 after purchasing an additional 4,426,684 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Enbridge during the fourth quarter worth $180,941,000. 54.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. TD Securities initiated coverage on Enbridge in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. CIBC restated an "outperform" rating on shares of Enbridge in a research report on Wednesday, March 5th. Citigroup began coverage on shares of Enbridge in a research report on Friday. They set a "buy" rating for the company. 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 note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $67.00.

Enbridge Trading Down 4.4 %

Shares of NYSE ENB traded down $2.00 during trading hours on Friday, hitting $43.34. 8,366,211 shares of the company traded hands, compared to its average volume of 4,420,017. The company's 50 day moving average price is $43.45 and its 200 day moving average price is $42.64. Enbridge has a 12 month low of $32.86 and a 12 month high of $46.12. The stock has a market capitalization of $94.44 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. The business had revenue of $11.59 billion for the quarter, compared to analysts' expectations of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same quarter in the previous year, the business posted $0.64 earnings per share. On average, equities research analysts anticipate that Enbridge will post 2.14 earnings per share for the current fiscal year.

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.