Enbridge (NYSE:ENB) (TSE:ENB) has received an average rating of “Hold” from the ten analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $43.67.
ENB has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Enbridge from a “hold” rating to a “sell” rating in a report on Thursday, March 29th. Bank of America started coverage on Enbridge in a research note on Tuesday, January 9th. They issued a “neutral” rating for the company. Morgan Stanley reduced their price objective on Enbridge from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, February 9th. ValuEngine cut Enbridge from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, Mizuho started coverage on Enbridge in a research note on Thursday, March 29th. They issued a “neutral” rating for the company.
Shares of ENB stock opened at $32.06 on Wednesday. The company has a market capitalization of $54,458.49, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 2.05 and a beta of 0.63. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 1.05. Enbridge has a fifty-two week low of $29.54 and a fifty-two week high of $42.92.
In related news, insider Robert R. Rooney bought 6,100 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The shares were bought at an average price of $40.80 per share, with a total value of $248,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael E. J. Phelps sold 18,054 shares of Enbridge stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $34.00, for a total value of $613,836.00. Following the transaction, the director now directly owns 56,245 shares in the company, valued at approximately $1,912,330. The disclosure for this sale can be found here.
Several large investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of Enbridge by 14.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 178,707 shares of the pipeline company’s stock valued at $6,989,000 after buying an additional 22,935 shares during the last quarter. Wagner Wealth Management LLC purchased a new position in shares of Enbridge during the fourth quarter valued at approximately $179,000. D.B. Root & Company LLC purchased a new position in shares of Enbridge during the fourth quarter valued at approximately $271,000. Arbor Wealth Management LLC purchased a new position in shares of Enbridge during the fourth quarter valued at approximately $1,122,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Enbridge by 1.3% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 263,228 shares of the pipeline company’s stock valued at $8,216,000 after buying an additional 3,300 shares during the last quarter. 63.22% of the stock is currently owned by institutional investors.
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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