Enbridge Inc. (NYSE:ENB – Get Rating) (TSE:ENB) has been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $60.50.
ENB has been the subject of a number of research reports. BMO Capital Markets cut Enbridge from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 24th. Credit Suisse Group upgraded Enbridge from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 29th. National Bank Financial increased their price target on shares of Enbridge from C$54.00 to C$56.00 in a research note on Friday, January 27th. Finally, StockNews.com initiated coverage on Enbridge in a research note on Thursday, March 16th. They issued a “hold” rating on the stock.
Hedge Funds Weigh In On Enbridge
A number of institutional investors and hedge funds have recently bought and sold shares of ENB. Coppell Advisory Solutions Corp. bought a new position in shares of Enbridge in the fourth quarter valued at about $25,000. Industrial Alliance Investment Management Inc. bought a new position in shares of Enbridge in the fourth quarter worth about $25,000. Burleson & Company LLC lifted its position in shares of Enbridge by 428.6% during the third quarter. Burleson & Company LLC now owns 740 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 600 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Enbridge during the third quarter valued at approximately $29,000. Finally, TFC Financial Management acquired a new stake in shares of Enbridge in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 49.25% of the company’s stock.
Enbridge Price Performance
NYSE:ENB opened at $38.98 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.29. The business’s 50-day moving average price is $38.57 and its 200 day moving average price is $39.14. Enbridge has a 52-week low of $35.02 and a 52-week high of $47.67. The firm has a market cap of $78.93 billion, a P/E ratio of 38.59, a PEG ratio of 2.90 and a beta of 0.83.
Enbridge (NYSE:ENB – Get Rating) (TSE:ENB) last announced its quarterly earnings data on Friday, February 10th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.10). Enbridge had a return on equity of 10.30% and a net margin of 5.67%. The business had revenue of $9.89 billion during the quarter. As a group, sell-side analysts predict that Enbridge will post 2.24 earnings per share for the current fiscal year.
Enbridge Company Profile
Enbridge, Inc engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines.