Enbridge Inc (NYSE: ENB) is -1.13% lower on its value in year-to-date trading and has touched a low of $32.85 and a high of $46.12 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 $43.35 in the last trading session, with the day’s loss setting it -1.4%.
Currently trading at $41.95, the stock is -4.19% and -3.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.36 million and changing -3.23% at the moment leaves the stock 2.05% off its SMA200. ENB registered 17.70% gain for a year compared to 6-month gain of 2.94%. The firm has a 50-day simple moving average (SMA 50) of $43.4186 and a 200-day simple moving average (SMA200) of $41.1075.
The stock witnessed a -0.12% loss in the last 1 month and extending the period to 3 months gives it a -2.65%, and is -5.33% 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 3.88% over the week and 2.09% over the month.
Enbridge Inc (ENB) has around 14500 employees, a market worth around $91.42B and $39.06B in sales. Current P/E ratio is 24.41 and Fwd P/E is 18.58. Profit margin for the company is 9.48%. Distance from 52-week low is 27.68% and -9.04% from its 52-week high. The company has generated returns on investments over the last 12 months (3.33%).
with sales reaching $10.2B over the same period.The EPS is expected to grow by 7.11% this year, but quarterly earnings will post -19.35% year-over-year. Quarterly sales are estimated to shrink -7.56% in year-over-year returns.
Enbridge Inc (ENB) Top Institutional Holders
1706.0 institutions hold shares in Enbridge Inc (ENB), with institutional investors hold 53.40% of the company’s shares. The shares outstanding are 2.18B, and float is at 2.18B with Short Float at 0.94%. Institutions hold 53.36% 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 6.0924% 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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