Is There More Upside Ahead For Enbridge Inc (NYSE: ENB)

Enbridge Inc (ENB) concluded trading on Wednesday at a closing price of $42.49, with 3.73 million shares of worth about $158.62 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.87% during that period and on November 13, 2024 the price saw a gain of about 0.73%. Currently the company’s common shares owned by public are about 2.18B shares, out of which, 2.18B shares are available for trading.

Stock saw a price change of 2.31% in past 5 days and over the past one month there was a price change of 2.91%. Year-to-date (YTD), ENB shares are showing a performance of 17.96% which increased to 25.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.76 but also hit the highest price of $43.00 during that period. The average intraday trading volume for Enbridge Inc shares is 3.49 million. The stock is currently trading 2.58% above its 20-day simple moving average (SMA20), while that difference is up 3.50% for SMA50 and it goes to 13.67% higher than SMA200.

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Enbridge Inc (NYSE: ENB) currently have 2.18B outstanding shares and institutions hold larger chunk of about 52.18% of that.

The stock has a current market capitalization of $128.94B and its 3Y-monthly beta is at 0.89. PE ratio of stock for trailing 12 months is 19.70, while it has posted earnings per share of $2.16 in the same period. Its PEG reads 8.21 and has Quick Ratio of 0.54 while making debt-to-equity ratio of 1.45. 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 1.69% while standing at 1.39% over the month.

Stock’s fiscal year EPS is expected to drop by -2.03% while it is estimated to increase by 6.70% in next year. EPS is likely to shrink at an annualized rate of 2.40% for next 5-years, compared to annual growth of 13.31% made by the stock over the past 5-years.

Stock get a Hold rating from Stifel on January 18, 2024.

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