Enbridge Inc. (NYSE:ENB) Receives Consensus Rating of “Hold” from Analysts

Shares of Enbridge Inc. (NYSE:ENB) (TSE:ENB) have earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $55.20.

Several equities research analysts have weighed in on ENB shares. Stifel Nicolaus started coverage on Enbridge in a research report on Thursday, January 18th. They issued a “hold” rating on the stock. Jefferies Financial Group started coverage on Enbridge in a report on Tuesday, February 27th. They set a “buy” rating on the stock.

Enbridge Price Performance

Shares of NYSE ENB opened at $33.91 on Friday. Enbridge has a 1-year low of $31.03 and a 1-year high of $40.30. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.83 and a quick ratio of 0.74. The business’s fifty day moving average price is $35.02 and its two-hundred day moving average price is $34.64. The firm has a market capitalization of $72.09 billion, a PE ratio of 16.15, a P/E/G ratio of 3.12 and a beta of 0.84.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its earnings results on Friday, February 9th. The pipeline company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). Enbridge had a return on equity of 10.23% and a net margin of 13.97%. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $9.62 billion. On average, research analysts expect that Enbridge will post 2.12 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Harbor Investment Advisory LLC grew its holdings in Enbridge by 5.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 5,623 shares of the pipeline company’s stock worth $203,000 after acquiring an additional 280 shares during the period. SVB Wealth LLC grew its holdings in Enbridge by 3.1% during the first quarter. SVB Wealth LLC now owns 9,781 shares of the pipeline company’s stock worth $373,000 after acquiring an additional 297 shares during the period. North Star Investment Management Corp. grew its holdings in Enbridge by 24.6% during the fourth quarter. North Star Investment Management Corp. now owns 1,519 shares of the pipeline company’s stock worth $55,000 after acquiring an additional 300 shares during the period. Capital Investment Counsel Inc grew its holdings in Enbridge by 5.2% during the fourth quarter. Capital Investment Counsel Inc now owns 6,564 shares of the pipeline company’s stock worth $237,000 after acquiring an additional 326 shares during the period. Finally, Independence Bank of Kentucky grew its holdings in Enbridge by 25.3% during the third quarter. Independence Bank of Kentucky now owns 1,681 shares of the pipeline company’s stock worth $56,000 after acquiring an additional 339 shares during the period. 54.60% of the stock is owned by institutional investors and hedge funds.

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.