Enbridge Inc (NYSE:ENB) (TSE:ENB) insider Robert R. Rooney purchased 6,100 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were bought at an average price of $40.80 per share, for a total transaction of $248,880.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Enbridge stock traded down $0.85 during mid-day trading on Monday, hitting $30.69. 4,338,374 shares of the stock traded hands, compared to its average volume of 3,253,884. The stock has a market cap of $53,466.30, a P/E ratio of 22.08, a P/E/G ratio of 2.29 and a beta of 0.66. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.63 and a quick ratio of 0.53. Enbridge Inc has a fifty-two week low of $30.48 and a fifty-two week high of $42.92.
Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, February 16th. The pipeline company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.39 billion. Enbridge had a net margin of 6.56% and a return on equity of 5.47%. equities analysts forecast that Enbridge Inc will post 1.77 earnings per share for the current year.
A number of research analysts have issued reports on the stock. Canaccord Genuity restated a “buy” rating and set a $54.00 price target on shares of Enbridge in a research note on Thursday, November 30th. Zacks Investment Research upgraded shares of Enbridge from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. Morgan Stanley cut their price target on shares of Enbridge from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, February 9th. Finally, Bank of America assumed coverage on shares of Enbridge in a research note on Tuesday, January 9th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $45.00.
Hedge funds have recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC purchased a new stake in shares of Enbridge in the 3rd quarter valued at $130,000. Taylor Hoffman Wealth Management purchased a new stake in shares of Enbridge in the 4th quarter valued at $140,000. Valeo Financial Advisors LLC purchased a new stake in shares of Enbridge in the 3rd quarter valued at $146,000. Field & Main Bank purchased a new stake in shares of Enbridge in the 4th quarter valued at $149,000. Finally, Patten Group Inc. boosted its holdings in shares of Enbridge by 333.2% in the 3rd quarter. Patten Group Inc. now owns 15,752 shares of the pipeline company’s stock valued at $152,000 after acquiring an additional 12,116 shares during the last quarter. 63.20% of the stock is currently owned by institutional investors and hedge funds.
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Enbridge Company Profile
Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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