Enbridge Target of Unusually Large Options Trading (NYSE:ENB)

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Enbridge Inc. (NYSE:ENBGet Rating) (TSE:ENB) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 20,216 put options on the company. This represents an increase of approximately 1,036% compared to the average daily volume of 1,779 put options.

Shares of Enbridge stock opened at $46.83 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.49 and a quick ratio of 0.40. Enbridge has a one year low of $36.21 and a one year high of $47.42. The stock has a market capitalization of $94.86 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 3.19 and a beta of 0.78. The business’s 50 day simple moving average is $44.55 and its two-hundred day simple moving average is $41.92.

Enbridge (NYSE:ENBGet Rating) (TSE:ENB) last posted its earnings results on Friday, February 11th. The pipeline company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.07). Enbridge had a net margin of 12.66% and a return on equity of 9.98%. The business had revenue of $9.89 billion for the quarter, compared to analysts’ expectations of $10.10 billion. Sell-side analysts expect that Enbridge will post 2.41 earnings per share for the current fiscal year.

ENB has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on Enbridge from C$57.00 to C$59.00 in a research report on Monday, February 14th. Scotiabank raised their price objective on Enbridge from C$58.00 to C$62.00 in a report on Tuesday. CIBC raised their price objective on Enbridge from C$57.00 to C$58.00 in a report on Monday, February 14th. Morgan Stanley cut Enbridge from an “overweight” rating to an “equal weight” rating and set a $60.00 price objective on the stock. in a report on Friday, January 7th. Finally, National Bank Financial raised their price objective on Enbridge from C$56.00 to C$57.00 in a report on Monday, February 14th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $54.23.

Several institutional investors and hedge funds have recently bought and sold shares of ENB. Consolidated Planning Corp purchased a new position in shares of Enbridge during the third quarter valued at approximately $25,000. First Command Bank increased its stake in shares of Enbridge by 96.4% during the first quarter. First Command Bank now owns 601 shares of the pipeline company’s stock valued at $28,000 after buying an additional 295 shares during the period. Rosenberg Matthew Hamilton purchased a new position in shares of Enbridge during the fourth quarter valued at approximately $30,000. First Command Financial Services Inc. increased its stake in shares of Enbridge by 153.3% during the fourth quarter. First Command Financial Services Inc. now owns 775 shares of the pipeline company’s stock valued at $30,000 after buying an additional 469 shares during the period. Finally, Monolith Advisors bought a new stake in shares of Enbridge during the fourth quarter valued at approximately $31,000. 53.80% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Company Profile (Get Rating)

Enbridge Inc operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

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