Following The Money: Institution’s Growing Stake In Enbridge Inc (NYSE: ENB)

Enbridge Inc (ENB) concluded trading on Wednesday at a closing price of $35.50, with 5.28 million shares of worth about $187.45 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.37% during that period and on Wednesday, January 31 the price saw a loss of about -1.33%. Currently the company’s common shares owned by public are about 2.13B shares, out of which, 2.12B shares are available for trading.

However, the stock later moved at a day high price of 36.16, or with a loss of -1.33%. Stock saw a price change of 0.00% in past 5 days and over the past one month there was a price change of -1.44%. Year-to-date (YTD), ENB shares are showing a performance of -1.44% which decreased to -12.41% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.03 but also hit the highest price of $41.14 during that period. The average intraday trading volume for Enbridge Inc shares is 5.45 million. The stock is currently trading -2.12% below its 20-day simple moving average (SMA20), while that difference is up 0.02% for SMA50 and it goes to -0.49% lower than SMA200.

Enbridge Inc (NYSE: ENB) currently have 2.13B outstanding shares and institutions hold larger chunk of about 53.19% of that.

The stock has a current market capitalization of $75.46B and its 3Y-monthly beta is at 0.86. PE ratio of stock for trailing 12 months is 31.81, while it has posted earnings per share of $1.12 in the same period. Its PEG reads 63.61 and has Quick Ratio of 0.57 while making debt-to-equity ratio of 1.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ENB, volatility over the week remained 1.13% while standing at 1.28% over the month.

Analysts are in expectations that Enbridge Inc (ENB) stock would likely to be making an EPS of $0.5 in the current quarter, while forecast for next quarter EPS is $0.63 and it is $2.07 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.47 which is $0.55 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.47 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.11% while it is estimated to increase by 0.82% in next year. EPS is likely to grow at an annualized rate of 0.50% for next 5-years, compared to annual growth of -5.14% made by the stock over the past 5-years.

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