Enbridge (NYSE:ENB) (TSE:ENB) had its target price lowered by research analysts at Morgan Stanley from $43.00 to $41.00 in a research note issued to investors on Friday, November 17th. The firm currently has an “equal weight” rating on the pipeline company’s stock. Morgan Stanley’s target price points to a potential upside of 7.50% from the company’s current price.
Other equities research analysts also recently issued reports about the company. BidaskClub upgraded Enbridge from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research raised Enbridge from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, GMP Securities downgraded Enbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Enbridge has an average rating of “Hold” and a consensus target price of $52.00.
Enbridge (NYSE:ENB) traded down $0.25 during mid-day trading on Friday, hitting $38.14. 2,286,762 shares of the company traded hands, compared to its average volume of 4,087,256. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.50 and a current ratio of 0.64. The company has a market capitalization of $63,351.30, a PE ratio of 24.88, a price-to-earnings-growth ratio of 2.67 and a beta of 0.64. Enbridge has a one year low of $34.39 and a one year high of $44.51.
Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings results on Thursday, November 2nd. The pipeline company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Enbridge had a net margin of 7.49% and a return on equity of 5.62%. The business had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same period last year, the business earned $0.47 earnings per share. equities analysts anticipate that Enbridge will post 1.55 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of ENB. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Enbridge by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,663 shares of the pipeline company’s stock worth $265,000 after purchasing an additional 22 shares during the last quarter. Omnia Family Wealth LLC lifted its position in Enbridge by 0.4% during the second quarter. Omnia Family Wealth LLC now owns 7,405 shares of the pipeline company’s stock worth $295,000 after buying an additional 28 shares in the last quarter. HM Payson & Co. lifted its position in Enbridge by 0.8% during the second quarter. HM Payson & Co. now owns 6,440 shares of the pipeline company’s stock worth $256,000 after buying an additional 50 shares in the last quarter. FineMark National Bank & Trust lifted its position in Enbridge by 0.6% during the second quarter. FineMark National Bank & Trust now owns 9,291 shares of the pipeline company’s stock worth $370,000 after buying an additional 53 shares in the last quarter. Finally, Hudock Capital Group LLC lifted its position in Enbridge by 1.0% during the second quarter. Hudock Capital Group LLC now owns 6,269 shares of the pipeline company’s stock worth $249,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 62.18% of the company’s stock.
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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