Enbridge Inc. (NYSE:ENB) Receives Average Recommendation of “Hold” from Analysts

Enbridge Inc. (NYSE:ENB) (TSE:ENB) has received a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $67.00.

ENB has been the topic of several research analyst reports. CIBC reaffirmed an “outperform” rating on shares of Enbridge in a research report on Wednesday. TD Securities began coverage on Enbridge in a research report on Wednesday, January 15th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada raised their price target on shares of Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th.

Hedge Funds Weigh In On Enbridge

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC boosted its position in Enbridge by 74.9% during the 3rd quarter. McIlrath & Eck LLC now owns 689 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 295 shares during the last quarter. Albion Financial Group UT bought a new position in shares of Enbridge in the fourth quarter valued at $29,000. Wintrust Investments LLC increased its holdings in Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company’s stock worth $31,000 after buying an additional 238 shares during the last quarter. GeoWealth Management LLC raised its position in Enbridge by 436.4% during the fourth quarter. GeoWealth Management LLC now owns 751 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 611 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in Enbridge in the 3rd quarter valued at about $37,000. 54.60% of the stock is owned by institutional investors and hedge funds.

Enbridge Stock Up 0.8 %

Enbridge stock traded up $0.35 during mid-day trading on Monday, hitting $42.35. 1,265,718 shares of the company’s stock were exchanged, compared to its average volume of 4,338,858. Enbridge has a 1-year low of $32.85 and a 1-year high of $45.78. The stock has a 50 day moving average of $43.45 and a two-hundred day moving average of $42.13. The stock has a market cap of $92.27 billion, a P/E ratio of 24.60, a P/E/G ratio of 3.92 and a beta of 0.95. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. The firm had revenue of $11.59 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the company earned $0.64 EPS. As a group, analysts anticipate that Enbridge will post 2.14 EPS for the current fiscal year.

About Enbridge

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.