Brokerages Set Enbridge Inc. (NYSE:ENB) Price Target at $55.20

Enbridge Inc. (NYSE:ENB) (TSE:ENB) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $55.20.

ENB has been the topic of several research analyst reports. Jefferies Financial Group began coverage on Enbridge in a report on Tuesday, February 27th. They set a “buy” rating on the stock. Stifel Nicolaus began coverage on Enbridge in a research note on Thursday, January 18th. They set a “hold” rating on the stock.

Enbridge Price Performance

Shares of ENB stock opened at $34.86 on Friday. The stock’s fifty day moving average is $35.04 and its 200-day moving average is $34.71. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.74 and a current ratio of 0.83. The stock has a market capitalization of $74.11 billion, a PE ratio of 16.60, a PEG ratio of 3.26 and a beta of 0.84. Enbridge has a 52 week low of $31.03 and a 52 week high of $40.30.

Enbridge (NYSE:ENB) (TSE:ENB) last announced its earnings results on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $9.62 billion. Enbridge had a return on equity of 10.23% and a net margin of 13.97%. Equities research analysts expect that Enbridge will post 2.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Enbridge

Several hedge funds have recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC lifted its stake in Enbridge by 5.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 5,623 shares of the pipeline company’s stock valued at $203,000 after buying an additional 280 shares during the period. SVB Wealth LLC lifted its stake in Enbridge by 3.1% in the first quarter. SVB Wealth LLC now owns 9,781 shares of the pipeline company’s stock valued at $373,000 after buying an additional 297 shares during the period. North Star Investment Management Corp. lifted its stake in Enbridge by 24.6% in the fourth quarter. North Star Investment Management Corp. now owns 1,519 shares of the pipeline company’s stock valued at $55,000 after buying an additional 300 shares during the period. Capital Investment Counsel Inc lifted its stake in Enbridge by 5.2% in the fourth quarter. Capital Investment Counsel Inc now owns 6,564 shares of the pipeline company’s stock valued at $237,000 after buying an additional 326 shares during the period. Finally, Independence Bank of Kentucky lifted its stake in Enbridge by 25.3% in the third quarter. Independence Bank of Kentucky now owns 1,681 shares of the pipeline company’s stock valued at $56,000 after buying an additional 339 shares during the period. Institutional investors and hedge funds own 54.60% of the company’s stock.

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.