Enbridge Inc. (NYSE:ENB) Receives Average Rating of “Hold” from Analysts

Enbridge Inc. (NYSE:ENB) (TSE:ENB) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $55.20.

Several analysts have recently commented on ENB shares. Jefferies Financial Group started coverage on Enbridge in a report on Tuesday, February 27th. They set a “buy” rating on the stock. Stifel Nicolaus began coverage on Enbridge in a report on Thursday, January 18th. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On Enbridge

Hedge funds have recently added to or reduced their stakes in the stock. BOK Financial Private Wealth Inc. acquired a new position in Enbridge in the fourth quarter valued at about $25,000. Coppell Advisory Solutions Corp. acquired a new position in Enbridge in the fourth quarter valued at about $25,000. Industrial Alliance Investment Management Inc. acquired a new position in Enbridge in the fourth quarter valued at about $25,000. Baystate Wealth Management LLC lifted its stake in Enbridge by 836.4% in the fourth quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock valued at $26,000 after buying an additional 644 shares during the period. Finally, Coppell Advisory Solutions LLC acquired a new position in Enbridge in the second quarter valued at about $26,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge Price Performance

Shares of ENB stock opened at $33.91 on Friday. The stock’s fifty day moving average is $35.02 and its 200-day moving average is $34.64. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83. The stock has a market capitalization of $72.09 billion, a PE ratio of 16.15, a PEG ratio of 3.12 and a beta of 0.84. Enbridge has a 52 week low of $31.03 and a 52 week high of $40.30.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $9.62 billion. Enbridge had a return on equity of 10.23% and a net margin of 13.97%. Equities research analysts expect that Enbridge will post 2.12 EPS for the current fiscal year.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, 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.