Enbridge Inc. (NYSE:ENB – Get Rating) (TSE:ENB) has been given a consensus rating of “Hold” by the sixteen analysts that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $55.43.
ENB has been the subject of several recent analyst reports. CIBC upped their price target on Enbridge from C$57.00 to C$58.00 in a research note on Monday, February 14th. TD Securities boosted their price objective on Enbridge from C$61.00 to C$62.00 in a research note on Monday, May 9th. Scotiabank upped their price objective on Enbridge from C$58.00 to C$62.00 in a report on Tuesday, April 19th. Royal Bank of Canada increased their price target on Enbridge from C$60.00 to C$65.00 in a report on Monday, May 9th. Finally, BMO Capital Markets upped their price objective on Enbridge from C$57.00 to C$59.00 in a research report on Monday, February 14th.
Shares of Enbridge stock traded down $0.40 on Friday, reaching $44.04. 232,636 shares of the company were exchanged, compared to its average volume of 4,808,115. The stock has a fifty day moving average price of $45.11 and a 200-day moving average price of $42.24. The firm has a market capitalization of $89.24 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 3.11 and a beta of 0.77. The company has a current ratio of 0.68, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. Enbridge has a fifty-two week low of $36.21 and a fifty-two week high of $47.42.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be issued a dividend of $0.669 per share. The ex-dividend date is Thursday, May 12th. This represents a $2.68 dividend on an annualized basis and a yield of 6.08%. Enbridge’s dividend payout ratio is presently 117.47%.
Institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Enbridge by 40.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 19,961,512 shares of the pipeline company’s stock valued at $920,387,000 after buying an additional 5,794,908 shares during the period. Toroso Investments LLC increased its stake in shares of Enbridge by 8.7% in the 1st quarter. Toroso Investments LLC now owns 17,025 shares of the pipeline company’s stock worth $785,000 after purchasing an additional 1,362 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Enbridge by 1.1% in the 1st quarter. Chicago Partners Investment Group LLC now owns 66,053 shares of the pipeline company’s stock worth $2,922,000 after purchasing an additional 720 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Enbridge by 0.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 42,224 shares of the pipeline company’s stock worth $1,946,000 after purchasing an additional 368 shares in the last quarter. Finally, Continuum Advisory LLC purchased a new stake in shares of Enbridge in the 1st quarter worth $841,000. 53.23% of the stock is currently owned by hedge funds and other institutional investors.
Enbridge Company Profile (Get Rating)
Enbridge Inc 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.
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