Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 77,060,000 shares, an increase of 82.3% from the January 31st total of 42,280,000 shares. Based on an average daily trading volume, of 4,290,000 shares, the days-to-cover ratio is currently 18.0 days. Currently, 3.5% of the shares of the company are short sold.
ENB stock opened at $42.73 on Friday. The stock has a 50-day moving average price of $43.42 and a two-hundred day moving average price of $42.00. The company has a market cap of $93.11 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 3.92 and a beta of 0.94. The company has a current ratio of 0.55, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. Enbridge has a 12-month low of $32.85 and a 12-month high of $45.78.
Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last posted its earnings results on Friday, February 14th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. The business had revenue of $11.59 billion for the quarter, compared to analyst estimates of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same quarter in the previous year, the business posted $0.64 EPS. As a group, research analysts predict that Enbridge will post 2.14 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th were paid a dividend of $0.67 per share. The ex-dividend date was Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a yield of 6.27%. Enbridge's dividend payout ratio (DPR) is presently 155.81%.
Several institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Direct Indexing L.P. boosted its stake in Enbridge by 2.4% in the third quarter. First Trust Direct Indexing L.P. now owns 20,702 shares of the pipeline company's stock valued at $841,000 after acquiring an additional 478 shares during the period. Financial Advocates Investment Management boosted its position in Enbridge by 1.1% during the 3rd quarter. Financial Advocates Investment Management now owns 30,900 shares of the pipeline company's stock valued at $1,255,000 after purchasing an additional 340 shares during the period. Creative Financial Designs Inc. ADV boosted its position in Enbridge by 51.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,603 shares of the pipeline company's stock valued at $65,000 after purchasing an additional 542 shares during the period. Farther Finance Advisors LLC grew its stake in Enbridge by 12.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,566 shares of the pipeline company's stock worth $429,000 after buying an additional 1,193 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in Enbridge by 1.6% in the third quarter. Chicago Partners Investment Group LLC now owns 70,143 shares of the pipeline company's stock worth $2,891,000 after buying an additional 1,137 shares during the period. 54.60% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Enbridge from $63.00 to $67.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. TD Securities started coverage on shares of Enbridge in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Finally, Wells Fargo & Company upgraded shares of Enbridge from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $67.00.
View Our Latest Stock Report on Enbridge
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.
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