Enbridge Inc (NYSE: ENB) is -2.10% lower on its value in year-to-date trading and has touched a low of $32.85 and a high of $45.78 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 $41.78 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $41.54, the stock is -4.99% and -3.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.42 million and changing -0.57% at the moment leaves the stock 3.67% off its SMA200. ENB registered 19.37% gain for a year compared to 6-month gain of 6.51%..
The stock witnessed a -7.40% loss in the last 1 month and extending the period to 3 months gives it a -3.35%, and is -3.55% down 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 1.86% over the week and 2.16% over the month.
Enbridge Inc (ENB) has around 14500 employees, a market worth around $90.52B and $39.06B in sales. Current P/E ratio is 24.17 and Fwd P/E is 18.22. Profit margin for the company is 9.48%. Distance from 52-week low is 26.43% and -9.26% from its 52-week high. The company has generated returns on investments over the last 12 months (3.33%).
with sales reaching $10.11B over the same period.The EPS is expected to grow by 9.11% this year, but quarterly earnings will post -20.54% year-over-year. Quarterly sales are estimated to shrink -8.40% in year-over-year returns.
Enbridge Inc (ENB) Top Institutional Holders
The shares outstanding are 2.18B, and float is at 2.18B with Short Float at 1.94%.
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 6.0924% 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 2.3817 of the shares totaling 50.9 million with a market value of $1.81 billion.
Enbridge Inc (ENB) Insider Activity
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