Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB was the target of unusually large options trading activity on Wednesday. Stock traders purchased 20,216 put options on the stock. This is an increase of 1,036% compared to the typical volume of 1,779 put options.
A number of analysts have issued reports on the company. Wells Fargo & Company raised Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. Royal Bank of Canada restated an "outperform" rating and set a $63.00 target price (up previously from $59.00) on shares of Enbridge in a research note on Wednesday, December 4th. Jefferies Financial Group lowered shares of Enbridge from a "buy" rating to a "hold" rating in a research note on Monday, September 30th. Finally, Morgan Stanley began coverage on shares of Enbridge in a research report on Friday, October 25th. They set an "equal weight" rating for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Enbridge presently has a consensus rating of "Hold" and a consensus price target of $63.00.
Read Our Latest Research Report on ENB
Institutional investors have recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Enbridge by 1,514.7% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,799,345 shares of the pipeline company's stock valued at $194,938,000 after purchasing an additional 4,502,115 shares during the period. Pathway Financial Advisers LLC grew its position in Enbridge by 4,120.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 4,571,669 shares of the pipeline company's stock valued at $185,655,000 after buying an additional 4,463,335 shares during the last quarter. Cibc World Market Inc. increased its stake in Enbridge by 12.8% in the 2nd quarter. Cibc World Market Inc. now owns 32,531,675 shares of the pipeline company's stock valued at $1,157,802,000 after buying an additional 3,693,495 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Enbridge by 27.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,278,739 shares of the pipeline company's stock valued at $498,734,000 after buying an additional 2,668,692 shares during the period. Finally, National Bank of Canada FI lifted its stake in shares of Enbridge by 12.8% in the 3rd quarter. National Bank of Canada FI now owns 18,163,353 shares of the pipeline company's stock worth $737,754,000 after acquiring an additional 2,061,758 shares during the period. Institutional investors and hedge funds own 54.60% of the company's stock.
ENB opened at $41.87 on Thursday. Enbridge has a one year low of $32.85 and a one year high of $44.13. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62. The stock has a market capitalization of $91.20 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 4.18 and a beta of 0.94. The business's 50-day simple moving average is $42.06 and its 200-day simple moving average is $39.60.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.40 by $0.15. The company had revenue of $10.91 billion for the quarter, compared to analyst estimates of $4.54 billion. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. During the same quarter in the previous year, the company posted $0.46 earnings per share. Analysts anticipate that Enbridge will post 2.03 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, February 15th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date is Friday, February 14th. Enbridge's dividend payout ratio is currently 124.07%.
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.
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