Enbridge Inc (ENB)’s Stock Price Falls Due To Weak Fundamental Momentum

Enbridge Inc (NYSE:ENB) has a beta value of 0.74 and has seen 1.11 million shares traded in the recent trading session. The company, currently valued at $96.79B, closed the recent trade at $44.4 per share which meant it lost -$0.64 on the day or -1.43% during that session. The ENB stock price is -6.85% off its 52-week high price of $47.44 and 21.82% above the 52-week low of $34.71. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.48 million shares traded. The 3-month trading volume is 3.99 million shares.

The consensus among analysts is that Enbridge Inc (ENB) is Hold stock at the moment, with a recommendation rating of 2.22. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 9 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.

Enbridge Inc (NYSE:ENB) trade information

Sporting -1.43% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ENB stock price touched $44.4 or saw a rise of 3.67%. Year-to-date, Enbridge Inc shares have moved 27.94%, while the 5-day performance has seen it change -3.43%. Over the past 30 days, the shares of Enbridge Inc (NYSE:ENB) have changed -3.61%. Short interest in the company has seen 31.27 million shares shorted with days to cover at 7.25.

Wall Street analysts have a consensus price target for the stock at $43, which means that the shares’ value could drop -3.26% from the levels at last check today.. The projected low price target is $42.17461909 while the price target rests at a high of $63.0. In that case, then, we find that the latest price level in today’s session is -41.89% off the targeted high while a plunge would see the stock lose 5.01% from the levels at last check today..

Enbridge Inc (ENB) estimates and forecasts

The company’s shares have gained 9.05% over the past 6 months.

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 -2.98% over the past 5 years. Earnings growth for 2025 is a modest 6.64% while over the next 5 years, the company’s earnings are expected to increase by 7.42%.

ENB Dividends

Enbridge Inc is expected to release its next earnings report on 2025-May-09 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 5.99%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 6.87%.

Enbridge Inc (NYSE:ENB)’s Major holders

Insiders own 0.08% of the company shares, while shares held by institutions stand at 54.51% with a share float percentage of 54.56%. Investors are also buoyed by the number of investors in a company, with Enbridge Inc having a total of 1777.0 institutions that hold shares in the company. The top two institutional holders are ROYAL BANK OF CANADA with over 130.2 million shares worth more than $4.63 billion. As of 2024-06-30, ROYAL BANK OF CANADA held 6.0924% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 86.27 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.07 billion and represent 4.0368% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Goldman Sachs TRT II-Goldman Sachs GQG Part. Intl Opportunities Fd. and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund . As of Apr 30, 2025 , the former fund manager holds about 1.75% shares in the company for having 38.08 shares of worth $1.69 billion while later fund manager owns 30.56 shares of worth $1.36 billion as of Jan 31, 2025 , which makes it owner of about 1.40% of company’s outstanding stock.

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