Growth Story Still Intact For Enbridge Inc (ENB)

Enbridge Inc (ENB) concluded trading on Thursday at a closing price of $40.75, with 2.91 million shares of worth about $118.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.34% during that period and on October 03, 2024 the price saw a loss of about -0.75%. Currently the company’s common shares owned by public are about 2.18B shares, out of which, 2.17B shares are available for trading.

Stock saw a price change of -0.07% in past 5 days and over the past one month there was a price change of 0.84%. Year-to-date (YTD), ENB shares are showing a performance of 13.13% which increased to 29.08% 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 $41.35 during that period. The average intraday trading volume for Enbridge Inc shares is 3.99 million. The stock is currently trading 0.13% above its 20-day simple moving average (SMA20), while that difference is up 3.30% for SMA50 and it goes to 11.32% higher than SMA200.

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Enbridge Inc (NYSE: ENB) currently have 2.18B outstanding shares and institutions hold larger chunk of about 51.92% of that.

The stock has a current market capitalization of $88.73B and its 3Y-monthly beta is at 0.89. PE ratio of stock for trailing 12 months is 21.27, while it has posted earnings per share of $1.92 in the same period. Its PEG reads 3.67 and has Quick Ratio of 0.68 while making debt-to-equity ratio of 1.37. 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 1.20% while standing at 1.14% over the month.

Analysts are in expectations that Enbridge Inc (ENB) stock would likely to be making an EPS of 0.44 in the current quarter, while forecast for next quarter EPS is 0.56 and it is 2.25 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.39 which is 0.48 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 0.46 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -0.09% while it is estimated to increase by 7.53% in next year. EPS is likely to shrink at an annualized rate of 5.80% for next 5-years, compared to annual growth of 13.31% made by the stock over the past 5-years.

Stock get an Underperform rating from Wolfe Research on October 17, 2023.

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