Shares of Enbridge Inc (NYSE:ENB) (TSE:ENB) have been assigned an average rating of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $45.00.
Several research firms have weighed in on ENB. Industrial Alliance Securities reaffirmed a “buy” rating on shares of Enbridge in a research note on Monday, April 8th. ValuEngine cut shares of Enbridge from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Bank of America cut shares of Enbridge from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a report on Tuesday. Credit Suisse Group cut shares of Enbridge from an “outperform” rating to a “neutral” rating in a report on Thursday, April 25th. Finally, National Bank Financial upgraded shares of Enbridge from a “sector perform overweight” rating to an “outperform overweight” rating in a report on Wednesday, March 20th.
Shares of Enbridge stock traded down $0.11 on Friday, hitting $36.14. 262,163 shares of the company’s stock traded hands, compared to its average volume of 3,401,770. The firm has a 50-day moving average price of $35.98. Enbridge has a one year low of $28.82 and a one year high of $38.04. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 0.92. The company has a market cap of $73.26 billion, a PE ratio of 17.63, a PEG ratio of 2.84 and a beta of 0.58.
In related news, insider Albert Monaco purchased 7,848 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were purchased at an average price of $49.81 per share, with a total value of $390,908.88. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Front Row Advisors LLC increased its stake in Enbridge by 3,985.7% in the fourth quarter. Front Row Advisors LLC now owns 858 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 837 shares during the last quarter. Hanson McClain Inc. raised its holdings in Enbridge by 41.9% in the 1st quarter. Hanson McClain Inc. now owns 1,005 shares of the pipeline company’s stock valued at $36,000 after acquiring an additional 297 shares during the period. Berman Capital Advisors LLC raised its holdings in Enbridge by 74.5% in the 1st quarter. Berman Capital Advisors LLC now owns 1,047 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 447 shares during the period. Sontag Advisory LLC bought a new position in Enbridge in the 4th quarter valued at about $33,000. Finally, Financial Gravity Wealth Inc. bought a new position in Enbridge in the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 55.08% of the company’s stock.
Enbridge Company Profile
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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