Brokerages Set Enbridge Inc (ENB) Price Target at $52.00
Shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) have earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $52.00.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Enbridge from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. Canaccord Genuity restated a “buy” rating and issued a $54.00 price target on shares of Enbridge in a research note on Thursday, November 30th. Morgan Stanley dropped their price target on Enbridge from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Friday, November 17th. GMP Securities cut Enbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, BidaskClub upgraded Enbridge from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th.
Shares of Enbridge (NYSE:ENB) traded down $0.11 during trading on Thursday, hitting $38.34. The stock had a trading volume of 1,610,000 shares, compared to its average volume of 3,360,000. Enbridge has a one year low of $34.39 and a one year high of $44.51. The company has a market cap of $63,530.00, a PE ratio of 24.90, a P/E/G ratio of 2.67 and a beta of 0.63. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 1.06.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a $0.5278 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 5.51%. This is a positive change from Enbridge’s previous quarterly dividend of $0.47. The ex-dividend date is Wednesday, February 14th. Enbridge’s dividend payout ratio is currently 126.32%.
Hedge funds and other institutional investors have recently modified their holdings of the business. First Personal Financial Services grew its holdings in Enbridge by 16.4% in the 2nd quarter. First Personal Financial Services now owns 2,825 shares of the pipeline company’s stock valued at $112,000 after buying an additional 397 shares in the last quarter. Spectrum Management Group Inc. acquired a new stake in shares of Enbridge during the 3rd quarter worth $113,000. Welch Group LLC acquired a new stake in shares of Enbridge during the 2nd quarter worth $121,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Enbridge during the 3rd quarter worth $130,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Enbridge during the 3rd quarter worth $146,000. 62.18% of the stock is currently owned by hedge funds and other institutional investors.
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Enbridge Company Profile
Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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