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Enbridge Inc (ENB) Analysis & Opinions from Experts

Enbridge Inc (NYSE: ENB) is -0.53% lower on its value in year-to-date trading and has touched a low of $31.03 and a high of $40.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ENB stock was last observed hovering at around $36.18 in the last trading session, with the day’s loss setting it -0.35%.

Currently trading at $35.83, the stock is 0.55% and 1.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.67 million and changing -0.97% at the moment leaves the stock 2.30% off its SMA200. ENB registered -5.29% loss for a year compared to 6-month gain of 6.83%. The firm has a 50-day simple moving average (SMA 50) of $3.14 and a 200-day simple moving average (SMA200) of $8.39.

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The stock witnessed a 4.10% loss in the last 1 month and extending the period to 3 months gives it a -0.69%, and is 1.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.22% over the week and 1.15% over the month.

Enbridge Inc (ENB) has around 11500 employees, a market worth around $76.16B and $31.76B in sales. Current P/E ratio is 17.06 and Fwd P/E is 16.27. Profit margin for the company is 13.60%. Distance from 52-week low is 15.47% and -11.09% from its 52-week high. The company has generated returns on investments over the last 12 months (4.16%).

Enbridge Inc quarterly earnings per share for the current quarter are estimated at $0.59 with sales reaching $9.94B over the same period.The EPS is expected to grow by 0.04% this year, but quarterly earnings will post 4.40% year-over-year. Quarterly sales are estimated to shrink -17.60% in year-over-year returns.

Enbridge Inc (ENB) Top Institutional Holders

1,547 institutions hold shares in Enbridge Inc (ENB), with institutional investors hold 53.87% of the company’s shares. The shares outstanding are 2.12B, and float is at 2.12B with Short Float at 1.19%. Institutions hold 53.81% of the Float.

The top institutional shareholder in the company is Royal Bank of Canada with over 150.22 million shares valued at $5.58 billion. The investor’s holdings represent 7.07% of the ENB Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 77.09 million shares valued at $2.86 billion to account for 3.63% of the shares outstanding. The other top investors are Bank of Montreal/Can/ which holds 64.61 million shares representing 3.04% and valued at over $2.4 billion, while Deutsche Bank Aktiengesellschaft holds 1.82% of the shares totaling 38.7 million with a market value of $1.44 billion.

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