Economy

The Enbridge Inc (ENB) Receives Consensus Rating of "Buy" from Brokerages

The Enbridge Inc (ENB) Receives Consensus Rating of

Amp Capital Investors Ltd increased its stake in Enbridge Inc (ENB) by 7.65% based on its latest 2017Q2 regulatory filing with the SEC. Davidson D A & Company sold 27,401 shares as the company's stock declined 5.78% while stock markets rallied. Barclays Public Limited Com stated it has 0.02% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP). The company has market cap of $1.31 billion. Equities research analysts expect Enbridge Energy, L.P.to earn $0.94 per share next year, which means the company may not be able to cover its $1.40 annual dividend with an expected future payout ratio of 148.9%. The stock of Enbridge Inc (USA) (NYSE:ENB) earned "Market Perform" rating by Wells Fargo on Monday, April 3. Bridges Investment Management Inc. raised its position in shares of Enbridge Energy, L.P.by 2.8% in the 2nd quarter. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Accern also gave media coverage about the pipeline company an impact score of 46.7548775510889 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future. More interesting news about Enbridge Inc (USA) (NYSE:ENB) were released by: Fool.ca and their article: "What's Dragging Down Enbridge Inc". Welch Group LLC acquired a new stake in shares of Enbridge in the second quarter valued at $121,000. 30 funds opened positions while 63 raised stakes. Hedge funds and other institutional investors own 42.99% of the company's stock.

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Have you taken a look at the chart for Enbridge Energy Partners, L.P. (EEP) lately? Scotiabank restated an "outperform" rating and set a C$61.00 price target on shares of Enbridge in a research note on Friday, November 4th. National Bank Canada downgraded the shares of ENB in report on Monday, July 18 to "Sector Perform" rating. J.P. Morgan initiated the stock with "Hold" rating in Friday, June 23 report. The average twelve-month target price among analysts that have issued a report on the stock in the a year ago is C$60.64. In third place is ENERGY INCOME PARTNERS, LLC with 11,403,979 shares held. The company's stock had a trading volume of 494,244 shares, compared to its average volume of 1,320,000.

At Enbridge Energy Partners, L.P. (EEP), the percentage of institutional ownership is now at 44.60% percent of its total shares outstanding, with the total value of institutional ownership at $2.1 billion.

Enbridge Energy, L.P. had a return on equity of 6.03% and a net margin of 8.47%. The pipeline company reported $0.24 EPS for the quarter, meeting the Zacks' consensus estimate of $0.24. The pipeline company reported $0.24 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.24. It is 0.00% or $0 reaching $76.75 per share. The Firm is engaged in delivering energy.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 9.79%. The ex-dividend date is Monday, November 6th. Enbridge Energy, L.P.'s dividend payout ratio is now 186.67%. It operates through five divisions: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services.



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