Enbridge Inc. (NYSE:ENB – Get Free Report) (TSE:ENB) was the recipient of some unusual options trading activity on Wednesday. Investors bought 20,216 put options on the company. This is an increase of 1,036% compared to the average volume of 1,779 put options.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group downgraded Enbridge from a “buy” rating to a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.50.
View Our Latest Report on Enbridge
Institutional Inflows and Outflows
Enbridge Stock Down 0.2 %
ENB opened at $41.05 on Thursday. The business has a 50 day moving average price of $39.52 and a 200 day moving average price of $37.09. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.68 and a current ratio of 0.77. Enbridge has a twelve month low of $31.03 and a twelve month high of $41.35. The firm has a market cap of $87.60 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 3.93 and a beta of 0.94.
Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last posted its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.13. The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Enbridge had a return on equity of 10.07% and a net margin of 13.31%. During the same period in the prior year, the business earned $0.51 earnings per share. Research analysts forecast that Enbridge will post 2.08 EPS for the current year.
Enbridge Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th were issued a $0.669 dividend. This represents a $2.68 annualized dividend and a yield of 6.52%. The ex-dividend date was Thursday, August 15th. Enbridge’s dividend payout ratio (DPR) is presently 134.01%.
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.
Featured Articles
- Five stocks we like better than Enbridge
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- What Investors Need to Know to Beat the Market
- Nike’s Post-Earnings Drop Presents a Buying Opportunity
- Short Selling: How to Short a Stock
- Microsoft’s Targeted Upside Might Be Too Good to Ignore
Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.