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

Shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $55.20.

ENB has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on Enbridge in a research report on Tuesday, February 27th. They set a “buy” rating on the stock. Stifel Nicolaus began coverage on Enbridge in a research report on Thursday, January 18th. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Enbridge

A number of large investors have recently modified their holdings of ENB. BOK Financial Private Wealth Inc. acquired a new position in shares of Enbridge during the 4th quarter valued at about $25,000. Baystate Wealth Management LLC boosted its holdings in Enbridge by 836.4% in the 4th quarter. Baystate Wealth Management LLC now owns 721 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 644 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in Enbridge in the 4th quarter valued at about $28,000. Financial Gravity Asset Management Inc. boosted its holdings in Enbridge by 2,294.6% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 886 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 849 shares during the last quarter. Finally, PFS Partners LLC boosted its holdings in Enbridge by 95.8% in the 1st quarter. PFS Partners LLC now owns 922 shares of the pipeline company’s stock valued at $33,000 after purchasing an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.

Enbridge Price Performance

Shares of ENB opened at $35.42 on Friday. 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 company has a 50 day moving average price of $35.07 and a 200-day moving average price of $34.76. Enbridge has a fifty-two week low of $31.03 and a fifty-two week high of $40.30. The stock has a market capitalization of $75.30 billion, a PE ratio of 16.87, a PEG ratio of 3.26 and a beta of 0.84.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The business had revenue of $8.37 billion during 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 analysts predict that Enbridge will post 2.14 earnings per share for the current fiscal year.

About Enbridge

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.