Shares of Enbridge Inc. (NYSE:ENB) were down 1.5% during mid-day trading on Wednesday . The company traded as low as $41.13 and last traded at $41.26, with a volume of 439,059 shares traded. The stock had previously closed at $41.87.

A number of equities analysts have recently commented on ENB shares. Zacks Investment Research lowered Enbridge from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. TD Securities reaffirmed a “buy” rating and issued a $58.00 price target (up from $55.00) on shares of Enbridge in a report on Saturday, May 14th. FirstEnergy Capital lowered Enbridge from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $23.00 to $55.00 in a report on Friday, May 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $64.00 price target on shares of Enbridge in a report on Wednesday, June 29th. Finally, Goldman Sachs Group Inc. lowered Enbridge from a “buy” rating to a “neutral” rating and cut their price target for the stock from $44.00 to $42.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Enbridge has an average rating of “Buy” and a consensus price target of $57.92.

The stock has a market capitalization of $37.27 billion and a PE ratio of 28.65. The stock has a 50 day moving average of $41.82 and a 200 day moving average of $37.97.

Enbridge (NYSE:ENB) last posted its earnings results on Thursday, May 12th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.13. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The business had revenue of $8.80 billion for the quarter, compared to analyst estimates of $12.98 billion. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities research analysts forecast that Enbridge Inc. will post $2.30 EPS for the current year.

A number of hedge funds and institutional investors have bought and sold shares of ENB. Stevens Capital Management LP increased its position in Enbridge by 39.6% in the fourth quarter. Stevens Capital Management LP now owns 30,915 shares of the company’s stock worth $1,026,000 after buying an additional 8,771 shares in the last quarter. Comerica Bank increased its position in Enbridge by 4.4% in the fourth quarter. Comerica Bank now owns 46,047 shares of the company’s stock worth $1,461,000 after buying an additional 1,950 shares in the last quarter. Jennison Associates LLC increased its position in Enbridge by 27.0% in the fourth quarter. Jennison Associates LLC now owns 97,678 shares of the company’s stock worth $3,242,000 after buying an additional 20,756 shares in the last quarter. Sei Investments Co. increased its position in Enbridge by 28.4% in the fourth quarter. Sei Investments Co. now owns 97,965 shares of the company’s stock worth $3,251,000 after buying an additional 21,682 shares in the last quarter. Finally, Reaves W H & Co. Inc. increased its position in Enbridge by 19.1% in the fourth quarter. Reaves W H & Co. Inc. now owns 103,965 shares of the company’s stock worth $3,451,000 after buying an additional 16,650 shares in the last quarter.

Enbridge Inc (Enbridge) is an energy transportation and distribution company. The Company operates through five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. The Company operates the crude oil and liquids transportation system in Canada and the United States.

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