Headlines about Enbridge (NYSE:ENB) (TSE:ENB) have been trending somewhat positive this week, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by analyzing more than 6,000 news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Enbridge earned a coverage optimism score of 0.88 on their scale. InfoTrie also assigned press coverage about the pipeline company an news buzz score of 7 out of 10, meaning that recent press coverage is likely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Enbridge’s score:
A number of research analysts have issued reports on ENB shares. ValuEngine upgraded shares of Enbridge from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Morgan Stanley increased their price objective on shares of Enbridge from $34.00 to $37.00 and gave the stock an “equal weight” rating in a report on Friday, July 13th. Citigroup reiterated a “neutral” rating on shares of Enbridge in a report on Monday, September 24th. Bank of America upgraded shares of Enbridge from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $50.00 in a report on Friday, August 17th. Finally, Wells Fargo & Co upgraded shares of Enbridge from a “market perform” rating to a “buy” rating in a report on Monday. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $49.17.
ENB stock opened at $32.32 on Tuesday. Enbridge has a twelve month low of $29.00 and a twelve month high of $41.21. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.56 and a quick ratio of 0.47. The company has a market cap of $54.18 billion, a PE ratio of 20.99, a P/E/G ratio of 1.19 and a beta of 0.53.
Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Friday, November 2nd. The pipeline company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Enbridge had a net margin of 3.95% and a return on equity of 8.80%. The business had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.28 billion. During the same quarter last year, the company earned $0.39 earnings per share. On average, analysts anticipate that Enbridge will post 2.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Thursday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.31%. The ex-dividend date is Wednesday, November 14th. Enbridge’s dividend payout ratio (DPR) is presently 132.47%.
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Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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