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

Shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) have earned a consensus rating of “Hold” from the nine analysts that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and four have given 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 $67.00.

A number of brokerages have issued reports on ENB. Raymond James Financial upgraded shares of Enbridge to a “moderate buy” rating in a research note on Wednesday, April 23rd. Citigroup initiated coverage on shares of Enbridge in a report on Friday, April 4th. They set a “buy” rating on the stock. National Bankshares restated a “sector perform” rating on shares of Enbridge in a research note on Monday, May 12th. Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $67.00 price objective on shares of Enbridge in a report on Monday, May 12th.

Institutional Trading of Enbridge

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC purchased a new position in shares of Enbridge during the 4th quarter valued at approximately $261,000. HighTower Advisors LLC grew its position in Enbridge by 21.2% during the fourth quarter. HighTower Advisors LLC now owns 630,625 shares of the pipeline company’s stock valued at $26,757,000 after buying an additional 110,203 shares during the period. Farther Finance Advisors LLC increased its holdings in Enbridge by 17.0% in the fourth quarter. Farther Finance Advisors LLC now owns 12,363 shares of the pipeline company’s stock valued at $525,000 after buying an additional 1,797 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Enbridge by 34.9% in the fourth quarter. Natixis Advisors LLC now owns 260,385 shares of the pipeline company’s stock worth $11,048,000 after acquiring an additional 67,343 shares during the period. Finally, one8zero8 LLC acquired a new position in shares of Enbridge in the fourth quarter worth about $1,552,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Up 0.1%

Shares of ENB stock opened at $44.53 on Friday. Enbridge has a 1-year low of $35.68 and a 1-year high of $47.44. The stock’s fifty day moving average price is $45.49 and its 200 day moving average price is $44.34. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.73 and a quick ratio of 0.66. The company has a market cap of $97.09 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 4.20 and a beta of 0.79.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Enbridge had a return on equity of 10.41% and a net margin of 10.16%. The business had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. On average, research analysts expect that Enbridge will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th were issued a $0.679 dividend. This represents a $2.72 annualized dividend and a dividend yield of 6.10%. The ex-dividend date of this dividend was Thursday, May 15th. This is a boost from Enbridge’s previous quarterly dividend of $0.67. Enbridge’s payout ratio is 140.21%.

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.