Enbridge Inc. (NYSE:ENB) Given Average Recommendation of “Hold” by Brokerages

Enbridge Inc. (NYSE:ENB) (TSE:ENB) has received a consensus rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $55.20.

Several analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Enbridge in a research report on Tuesday, February 27th. They set a “buy” rating for the company. Stifel Nicolaus assumed coverage on shares of Enbridge in a research report on Thursday, January 18th. They set a “hold” rating for the company.

Institutional Trading of Enbridge

Institutional investors have recently modified their holdings of the company. American Century Companies Inc. raised its stake in Enbridge by 6.9% in the first quarter. American Century Companies Inc. now owns 49,136 shares of the pipeline company’s stock worth $2,262,000 after buying an additional 3,178 shares in the last quarter. BlackRock Inc. raised its stake in Enbridge by 47.5% in the first quarter. BlackRock Inc. now owns 1,585,598 shares of the pipeline company’s stock worth $73,081,000 after buying an additional 510,865 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Enbridge by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,647,982 shares of the pipeline company’s stock worth $75,955,000 after buying an additional 112,553 shares in the last quarter. Blair William & Co. IL raised its stake in Enbridge by 3.4% in the first quarter. Blair William & Co. IL now owns 149,644 shares of the pipeline company’s stock worth $6,897,000 after buying an additional 4,883 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Enbridge by 0.3% in the first quarter. Sei Investments Co. now owns 316,801 shares of the pipeline company’s stock worth $14,600,000 after buying an additional 968 shares in the last quarter. 48.29% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Stock Down 0.9 %

Shares of NYSE:ENB opened at $35.45 on Monday. The firm has a fifty day moving average of $35.23 and a 200 day moving average of $34.54. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83. Enbridge has a 52-week low of $31.03 and a 52-week high of $40.30. The firm has a market capitalization of $75.35 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 3.35 and a beta of 0.83.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a net margin of 13.97% and a return on equity of 10.23%. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $9.62 billion. As a group, research analysts anticipate that Enbridge will post 2.11 EPS for the current fiscal year.

Enbridge Company Profile

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.