Enbridge Inc (NYSE:ENB) has a beta value of 0.89 and has seen 6.34 million shares traded in the last trading session. The company, currently valued at $77.69B, closed the last trade at $36.54 per share which meant it gained $0.27 on the day or 0.74% during that session. The ENB stock price is -5.01% off its 52-week high price of $38.37 and 15.08% above the 52-week low of $31.03. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.86 million shares traded. The 3-month trading volume is 5.56 million shares.
The consensus among analysts is that Enbridge Inc (ENB) is Hold stock at the moment, with a recommendation rating of 2.24. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 9 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
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Enbridge Inc (NYSE:ENB) trade information
Sporting 0.74% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ENB stock price touched $36.54 or saw a rise of 0.41%. Year-to-date, Enbridge Inc shares have moved 1.44%, while the 5-day performance has seen it change 1.22%. Over the past 30 days, the shares of Enbridge Inc (NYSE:ENB) have changed 5.00%. Short interest in the company has seen 16.42 million shares shorted with days to cover at 3.49.
Wall Street analysts have a consensus price target for the stock at $42.98518331, which means that the shares’ value could jump 14.99% from current levels. The projected low price target is $42.17461909 while the price target rests at a high of $47.7448518. In that case, then, we find that the current price level is -30.66% off the targeted high while a plunge would see the stock gain -15.42% from current levels.
Enbridge Inc (ENB) estimates and forecasts
Figures show that Enbridge Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 2.10% over the past 6 months, with this year growth rate of 3.38%, compared to 4.30% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 13.31% over the past 5 years. Earnings growth for 2024 is a modest 3.61% while over the next 5 years, the company’s earnings are expected to increase by 5.80%.
ENB Dividends
Enbridge Inc is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.66 at a share yield of 7.27%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 6.88%.
Enbridge Inc (NYSE:ENB)’s Major holders
The top two institutional holders are ROYAL BANK OF CANADA with over 134.35 million shares worth more than $4.86 billion. As of 2024-03-31, ROYAL BANK OF CANADA held 6.5344% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 84.28 million shares as of 2024-03-31. The firm’s total holdings are worth over $3.05 billion and represent 4.0992% of shares outstanding.
