25 May, 2017
Enbridge Inc. had 18 analyst reports since August 4, 2015 according to SRatingsIntel. The stock had a trading volume of 2,845,131 shares.
A number of equities research analysts have recently issued reports on ENB shares. Renaissance Technologies LLC raised its stake in Enbridge by 103.6% in the fourth quarter. GRT Capital Partners L.L.C. now owns 15,456 shares of the pipeline company's stock valued at $649,000 after buying an additional 88 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in Enbridge by 1.4% in the third quarter. The stock declined 1.59% or $0.64 reaching $39.22 on the news. It also increased its holding in Gilead Sciences Inc (NASDAQ:GILD) by 75,600 shares in the quarter, for a total of 788,901 shares, and has risen its stake in Costco Wholesale Corp (NASDAQ:COST). Bank of America Corp DE now owns 30,748,683 shares of the pipeline company's stock valued at $1,286,524,000 after buying an additional 28,125,698 shares in the last quarter. Enbridge Inc now has $64.62B valuation. Winslow Evans & Crocker Inc. now owns 6,806 shares of the pipeline company's stock valued at $285,000 after buying an additional 5,406 shares during the period. Capital International Investors now owns 31,438,615 shares of the pipeline company's stock valued at $1,386,409,000 after buying an additional 3,281,364 shares during the last quarter. Wells Fargo & Co reiterated a "market perform" rating on shares of Enbridge in a report on Friday, March 31st. $121,580 worth of International Paper Co (NYSE:IP) shares were sold by SIMS JOHN V. $754,693 worth of International Paper Co (NYSE:IP) was sold by Ribieras JeanMichel. The firm has a market cap of $65.06 billion, a price-to-earnings ratio of 44.96 and a beta of 0.62. The firm has a 50 day moving average of $41.23 and a 200 day moving average of $41.96. Enbridge has a 52-week low of $38.26 and a 52-week high of $45.77.
Enbridge (NYSE:ENB) opened at 39.86 on Thursday. The pipeline company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.02.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be issued a $0.4435 dividend. This is a boost from Enbridge's previous quarterly dividend of $0.33. This represents a $1.77 annualized dividend and a yield of 4.46%. The ex-dividend date is Thursday, May 11th. Enbridge has a dividend payout ratio of 100.6% meaning the company can not now cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
ILLEGAL ACTIVITY WARNING: This story was first published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this report on another site, it was illegally copied and republished in violation of USA and global copyright and trademark legislation. The rating was maintained by Credit Suisse on Tuesday, March 14 with "Outperform". They issued an "outperform" rating and a $70.00 price objective for the company.
05/02/2017 - Morgan Stanley began new coverage on Enbridge Inc giving the company a "equal-weight" rating. The stock of Enbridge Inc (TSE:ENB) earned "Buy" rating by TD Securities on Friday, November 4. Wolfe Research initiated coverage on Enbridge in a research note on Friday, May 12th.
03/02/2016 - Enbridge Inc had its "outperform" rating reiterated by analysts at BMO Capital Markets.
According to the latest research reports released, 2 analysts have issued a rating of "buy", 7 analysts "outperform", 5 analysts "hold", 0 analysts "underperform" and 0 analysts "sell".
Scotia Capital Inc increased its stake in Enbridge Inc (ENB) by 18.11% based on its latest 2016Q4 regulatory filing with the SEC. The Firm is engaged in development of new standards of care for individuals living with rare diseases. It operates through five divisions: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services.
