Is Enbridge Inc (NYSE: ENB) Back In The Buying Zone?

Currently, there are 2.12B common shares owned by the public and among those 2.12B shares have been available to trade.

However, the script later moved the day high at 35.00, up 1.93%. The company’s stock has a 5-day price change of 0.90% and 4.55% over the past three months. ENB shares are trading -3.14% year to date (YTD), with the 12-month market performance down to -11.24% lower. It has a 12-month low price of $31.03 and touched a high of $40.92 over the same period. ENB has an average intraday trading volume of 1.74 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.84%, -2.17%, and -1.67% respectively.

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Institutional ownership of Enbridge Inc (NYSE: ENB) shares accounts for 52.61% of the company’s 2.12B shares outstanding.

It has a market capitalization of $74.16B and a beta (3y monthly) value of 0.85. The stock’s trailing 12-month PE ratio is 16.61, while the earnings-per-share (ttm) stands at $2.10. The company has a PEG of 33.22 and a Quick Ratio of 0.74 with the debt-to-equity ratio at 1.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.54% over the week and 1.38% over the month.

Analysts forecast that Enbridge Inc (ENB) will achieve an EPS of $0.62 for the current quarter, $0.49 for the next quarter and $2.21 for 2025. The lowest estimate earnings-per-share for the quarter is $0.59 while analysts give the company a high EPS estimate of $0.68. Comparatively, EPS for the current quarter was $0.64 a year ago. Earnings per share for the fiscal year are expected to increase by 1.25%, and 6.12% over the next financial year. EPS should shrink at an annualized rate of 0.50% over the next five years, compared to 13.31% over the past 5-year period.

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