Enbridge Inc (NYSE:ENB)’s traded shares stood at 0.74 million during the latest session, with the company’s beta value hitting 0.75. At the last check today, the stock’s price was $45.11, to imply a decrease of -1.02% or -$0.46 in intraday trading. The ENB share’s 52-week high remains $47.08, putting it -4.37% down since that peak but still an impressive 23.3% since price per share fell to its 52-week low of $34.60.
Analysts have given a consensus recommendation of Hold for Enbridge Inc (ENB), translating to a mean rating of 2.29. Of 9 analyst(s) looking at the stock, 1 analyst(s) give ENB a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.6.
Enbridge Inc (NYSE:ENB) trade information
After registering a -1.02% downside in the latest session, Enbridge Inc (ENB) has traded red over the past five days. The 5-day price performance for the stock is 0.41%, and -1.11% over 30 days. With these gigs, the year-to-date price performance is 6.31%.
The extremes give us $63 and $63 for target low and target high price respectively. As such, ENB has been trading -39.66% off suggested target high and -39.66% from its likely low.
Enbridge Inc (ENB) estimates and forecasts
The rating firms project that company’s revenue will shrink -9.02% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 9.64B. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 11.11B.Earnings reports from the last fiscal year show that sales brought in 11.34B and 14.88B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -15.00% before dropping -25.35% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -2.98% for the past 5-year period. While 2025 is set for a 6.33% return in earnings, projections for the next 5 years are at 7.22% annually.
ENB Dividends
Enbridge Inc has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Enbridge Inc has a forward dividend ratio of 2.66, with the share yield ticking at 5.89% to continue the rising pattern observed over the past year.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 86.27 million shares, or about 4.0368% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.07 billion.
We also have Goldman Sachs TRT II-Goldman Sachs GQG Part. Intl Opportunities Fd. and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund as the top two Mutual Funds with the largest holdings of the Enbridge Inc (ENB) shares. Going by data provided on Jan 31, 2025 , Goldman Sachs TRT II-Goldman Sachs GQG Part. Intl Opportunities Fd. holds roughly 36.35 shares. This is just over 1.67% of the total shares, with a market valuation of $1.64 billion. Data from the same date shows that the other fund manager holds a little less at 30.56, or 1.40% of the shares, all valued at about 1.38 billion.
