Enbridge Inc (NYSE:ENB) (TSE:ENB) – Equities researchers at National Bank Financial raised their FY2020 EPS estimates for shares of Enbridge in a note issued to investors on Monday, February 17th. National Bank Financial analyst P. Kenny now forecasts that the pipeline company will earn $1.84 per share for the year, up from their prior forecast of $1.82. National Bank Financial also issued estimates for Enbridge’s FY2021 earnings at $1.91 EPS.
ENB has been the topic of a number of other research reports. Royal Bank of Canada set a $56.00 price objective on Enbridge and gave the company an “outperform” rating in a report on Saturday, December 21st. Evercore ISI reiterated a “hold” rating and issued a $48.00 price objective on shares of Enbridge in a report on Tuesday, November 12th. Jefferies Financial Group began coverage on Enbridge in a report on Thursday, December 5th. They issued a “hold” rating and a $54.00 price objective on the stock. Argus began coverage on Enbridge in a report on Wednesday, December 4th. They issued a “buy” rating and a $44.00 price objective on the stock. Finally, CIBC reiterated a “buy” rating and issued a $56.00 price objective on shares of Enbridge in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.81.
ENB opened at $41.97 on Wednesday. Enbridge has a one year low of $32.23 and a one year high of $43.15. The company has a market cap of $85.45 billion, a P/E ratio of 21.09, a PEG ratio of 2.80 and a beta of 0.61. 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 business’s 50-day simple moving average is $40.93 and its 200-day simple moving average is $37.29.
A number of large investors have recently added to or reduced their stakes in the stock. Capital International Ltd. CA grew its stake in Enbridge by 17.0% during the 4th quarter. Capital International Ltd. CA now owns 375,748 shares of the pipeline company’s stock worth $14,955,000 after buying an additional 54,659 shares during the last quarter. Capital International Sarl grew its stake in shares of Enbridge by 6.6% in the 4th quarter. Capital International Sarl now owns 172,522 shares of the pipeline company’s stock valued at $6,861,000 after purchasing an additional 10,622 shares during the last quarter. Capital International Investors grew its stake in shares of Enbridge by 9.6% in the 4th quarter. Capital International Investors now owns 127,704,228 shares of the pipeline company’s stock valued at $5,078,255,000 after purchasing an additional 11,134,156 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Enbridge by 746.5% in the 4th quarter. Capital Research Global Investors now owns 20,004,472 shares of the pipeline company’s stock valued at $795,378,000 after purchasing an additional 17,641,163 shares during the last quarter. Finally, Equitable Holdings Inc. purchased a new position in shares of Enbridge in the 4th quarter valued at approximately $204,000. Hedge funds and other institutional investors own 53.69% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 14th will be paid a dividend of $0.6119 per share. This represents a $2.45 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date is Thursday, February 13th. This is an increase from Enbridge’s previous quarterly dividend of $0.56. Enbridge’s dividend payout ratio (DPR) is currently 122.50%.
Enbridge Company Profile
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.