Is Enbridge Inc (ENB) a good stock to buy now?

Enbridge Inc (NYSE: ENB) is 20.10% higher on its value in year-to-date trading and has touched a low of $32.85 and a high of $43.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ENB stock was last observed hovering at around $43.49 in the last trading session, with the day’s loss setting it -0.23%.

Currently trading at $43.26, the stock is 3.17% and 4.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.54 million and changing -0.53% at the moment leaves the stock 14.88% off its SMA200. ENB registered 27.50% gain for a year compared to 6-month gain of 19.37%. The firm has a 50-day simple moving average (SMA 50) of $41.393 and a 200-day simple moving average (SMA200) of $37.65715.

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The stock witnessed a 5.18% loss in the last 1 month and extending the period to 3 months gives it a 8.45%, and is 2.56% 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 1.49% over the week and 1.47% over the month.

Enbridge Inc (ENB) has around 11500 employees, a market worth around $131.00B and $35.63B in sales. Current P/E ratio is 20.05 and Fwd P/E is 20.03. Profit margin for the company is 12.96%. Distance from 52-week low is 31.67% and -0.67% from its 52-week high. The company has generated returns on investments over the last 12 months (4.07%).

with sales reaching $7.65B over the same period.The EPS is expected to shrink by -2.42% this year, but quarterly earnings will post -0.19% year-over-year. Quarterly sales are estimated to shrink -32.25% in year-over-year returns.

Enbridge Inc (ENB) Top Institutional Holders

1648.0 institutions hold shares in Enbridge Inc (ENB), with institutional investors hold 54.61% of the company’s shares. The shares outstanding are 2.18B, and float is at 2.18B with Short Float at 1.13%. Institutions hold 54.56% of the Float.

The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 130.2 million shares valued at $4.63 billion. The investor’s holdings represent 6.124% of the ENB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 86.27 million shares valued at $3.07 billion to account for 4.0577 of the shares outstanding. The other top investors are BANK OF MONTREAL /CAN/ which holds 61.12 million shares representing 2.8747% and valued at over $2.17 billion, while GQG PARTNERS LLC holds 2.394 of the shares totaling 50.9 million with a market value of $1.81 billion.