According to Bloomberg Ratings, the eleven analysts who are currently covering Enbridge INC (NYSE: ENB) (TSE: ENB) have assigned the company an average rating of “Hold” for their coverage of the company’s stock.
Enbridge INC’s stock is traded on both the New York Stock Exchange and the Toronto Stock Exchange.
There are currently five analysts who recommend investors keep their current position with the stock; three analysts recommend investors maintain their current position; and one analyst recommends investors sell their current position.
Most brokerage firms that have updated their stock coverage in the previous year have set their price target for the stock at $60.50 for the next twelve months.
In the most recent few months, various institutional investors have adjusted the interests they hold in the company.
These investors hold stakes in the company.
American Century Companies INC increased the amount of Enbridge stock owned by 6.9% during the first three months of 2014, bringing its total ownership percentage to 100%.
American Century Companies INC now has 49,136 shares of the pipeline company’s stock, currently valued at $2,262,000, after purchasing an additional 3,178 shares during the period in question.
This brings the total number of shares owned by the company to 49,136.
BlackRock INC increased the amount of Enbridge stock owned by 47.5% during the first quarter of the fiscal year.
BlackRock INC now has 1,585,598 shares of the pipeline company’s stock, currently valued at $73,081,000, after the company made an additional purchase of 510,865 shares during the period in question.
The value of Dimensional Fund Advisors LP’s investment in Enbridge rose by 7.3% during the first quarter of this year. Following acquiring 112,553 additional shares during the relevant period, Dimensional Fund Advisors LP is now the proud owner of 1,647,982 shares of the pipeline company’s common stock.
At the moment, the price of the stock is determined to be $75,955,000.
During the first three months of the year, Blair William & Co IL increased the amount of Enbridge stock owned by 3.4%, bringing its total ownership to 1.6%.
After purchasing an additional 4,883 shares over the year, Blair William & Co, IL, now owns 149,644 of the pipeline company’s stock, with a market value of $6,897,000.
These 149,644 shares were acquired during the year.
Last but not least, during the first three months of 2018, Sei Investments Company increased the proportion of its Enbridge holdings by 0.3 percent.
The Sei Investments Co now has 316,801 shares of the pipeline company’s stock, currently valued at $14,600,000.
This was accomplished by acquiring 968 additional shares during the period.
At the moment, institutions own 49.25% of the company’s common stock.
Over the past few years, there has been a rise in research organizations that have published studies on ENB.
The research note that Credit Suisse Group published on February 8 stated that the company’s performance was rated as “underperform,” a downgrade from the previous rating of “neutral” the company had received. When it came to reporting on Enbridge, StockNews.com was the very first news outlet to do so when, on Thursday, they published their article.
The analysts have advised investors to “hold” onto their shares for now.
Enbridge was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report that was made public on January 24. National Bank Financial raised their price objective on Enbridge from $54.00 to $56.00 in a research report published on Friday, January 27.
This indicates that they anticipate the stock will move higher.
On Thursday, the opening price of a share on the NYSE ENB was $36.59 per share.
The company has a beta value of 0.83, a P/E ratio of 36.23, and a P/E/G ratio of 2.78; these three metrics, along with its current market capitalization of $74.09 billion, all contribute to the company’s overall value. Over the past year, the price of one share of Enbridge has varied between $35.02 and $47.67, with a low of $35.02.
There is 0.60 for the current ratio, 0.49 for the quick ratio, and 1.29 for the debt-to-equity ratio.
These ratios are all in the positive range.
The average price of the company’s stock over the past 50 days is 39.77 dollars, and the average price over the last 200 days is 39.62 dollars.
Enbridge, INC is the name of a company that distributes oil and gas as its primary means of revenue generation.
The production of renewable power and the provision of energy services are two of the company’s business divisions, along with gas distribution and storage, liquid pipelines, transmission, midstream operations, and transmission. Other feeder pipelines like the Canadian Mainline, the Regional Oil Sands System, the Southern Lights Pipeline, the Spearhead Pipeline, and the Seaway Crude Pipeline Interest are all included in the liquid pipelines segment.
This segment also includes common carrier and contract pipelines and terminals for crude oil, natural gas liquids, and refined products in Canada and the United States.
In addition, the interest in the Seaway crude pipeline is included in this segment.