RBC Global Asset Management, Inc. recently announced the acquisition of new stake in Enbridge Inc (NYSE:ENB). The institutional investor has increased its shareholding in the Energy company by 4.32% to 99.87 million shares with purchase of 4.13 million shares. This fresh investment now brings its stake to 4.70% valued currently at $3.6 billion. In addition, 1832 Asset Management LP raised its holdings by 5.97 million to 75.15 million shares. And The Vanguard Group, Inc. has lifted its position by 5.10% or 2.54 million shares – to 52.25 million shares.
Currently, there are 2.13B common shares owned by the public and among those 2.12B shares have been available to trade.
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The top 3 mutual fund holders in Enbridge Inc are Vanguard Total International Stoc, RBC Canadian Dividend Fund, and Government Pension Fund – Global. Vanguard Total International Stoc owns 28.74 million shares of the company’s stock, all valued at over $1.04 billion. The company sold 2440.0 shares recently to bring their total holdings to about 1.35% of the shares outstanding. Government Pension Fund – Global bought 1.16 million shares to bring its total holdings to over 18.0 million shares at a value of $648.33 million. Government Pension Fund – Global now owns shares totaling to 0.85% of the shares outstanding.
However, the script later moved the day high at 36.09, down -0.50%. The company’s stock has a 5-day price change of -2.82% and 11.56% over the past three months. ENB shares are trading -0.61% year to date (YTD), with the 12-month market performance down to -13.48% lower. It has a 12-month low price of $31.03 and touched a high of $42.06 over the same period. ENB has an average intraday trading volume of 5.47 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.47%, 1.80%, and 0.01% respectively.
Institutional ownership of Enbridge Inc (NYSE: ENB) shares accounts for 53.26% of the company’s 2.13B shares outstanding. Mutual fund holders own 23.76%, while other institutional holders and individual stakeholders account for 30.14% and 0.15% respectively.
It has a market capitalization of $76.10B and a beta (3y monthly) value of 0.86. The stock’s trailing 12-month PE ratio is 32.08, while the earnings-per-share (ttm) stands at $1.12. The company has a PEG of 64.15 and a Quick Ratio of 0.57 with the debt-to-equity ratio at 1.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.34% over the week and 1.27% over the month.
Analysts forecast that Enbridge Inc (ENB) will achieve an EPS of $ENBRIDGE INC for the current quarter, $48.28 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Tenable Holdings, Inc. while analysts give the company a high EPS estimate of $ENBRIDGE INC 4.40% CUM RED PRF . Comparatively, EPS for the current quarter was $F.N.B. Corporation a year ago. Earnings per share for the fiscal year are expected to decrease by -0.78%, and -0.37% over the next financial year. EPS should grow at an annualized rate of 0.50% over the next five years, compared to -5.14% over the past 5-year period.
