Shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) reached a new 52-week high on Thursday . The company traded as high as $40.43 and last traded at $40.40, with a volume of 712036 shares trading hands. The stock had previously closed at $40.20.
A number of research analysts have weighed in on ENB shares. UBS Group upgraded Enbridge from a “neutral” rating to a “buy” rating and raised their price target for the company from $50.00 to $54.00 in a research note on Monday, November 25th. Jefferies Financial Group started coverage on Enbridge in a research note on Thursday, December 5th. They issued a “hold” rating and a $54.00 price target for the company. US Capital Advisors downgraded Enbridge from an “overweight” rating to a “hold” rating in a research note on Tuesday, January 7th. CIBC restated a “buy” rating and issued a $56.00 price target on shares of Enbridge in a research note on Wednesday, December 11th. Finally, Evercore ISI restated a “hold” rating and issued a $48.00 price target on shares of Enbridge in a research note on Tuesday, November 12th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Enbridge presently has an average rating of “Hold” and a consensus price target of $47.90.
The stock has a market capitalization of $81.37 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 3.16 and a beta of 0.64. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.50 and a current ratio of 0.59. The company has a fifty day simple moving average of $39.11 and a two-hundred day simple moving average of $36.30.
Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings data on Friday, November 8th. The pipeline company reported $0.42 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $11.65 billion. Enbridge had a return on equity of 8.31% and a net margin of 12.07%. During the same period in the previous year, the firm earned $0.55 EPS. As a group, equities analysts anticipate that Enbridge Inc will post 2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 14th will be issued a $0.6119 dividend. The ex-dividend date is Thursday, February 13th. This is a boost from Enbridge’s previous quarterly dividend of $0.56. This represents a $2.45 annualized dividend and a yield of 6.05%. Enbridge’s payout ratio is currently 108.78%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Synovus Financial Corp raised its holdings in Enbridge by 3.7% in the 3rd quarter. Synovus Financial Corp now owns 286,618 shares of the pipeline company’s stock valued at $10,068,000 after acquiring an additional 10,328 shares in the last quarter. Full Sail Capital LLC acquired a new position in shares of Enbridge during the 3rd quarter worth $237,000. Commonwealth Equity Services LLC raised its holdings in shares of Enbridge by 3.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 435,376 shares of the pipeline company’s stock worth $15,273,000 after buying an additional 14,542 shares in the last quarter. Pettyjohn Wood & White Inc. raised its holdings in shares of Enbridge by 0.5% during the 3rd quarter. Pettyjohn Wood & White Inc. now owns 59,347 shares of the pipeline company’s stock worth $2,082,000 after buying an additional 283 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of Enbridge by 9.4% during the 4th quarter. Sound Income Strategies LLC now owns 55,483 shares of the pipeline company’s stock worth $2,207,000 after buying an additional 4,760 shares in the last quarter. 53.50% of the stock is owned by hedge funds and other institutional investors.
Enbridge Company Profile (NYSE:ENB)
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through 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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