Enbridge Inc. (NYSE:ENB) shares were up 4.1% on Friday . The company traded as high as $40.76 and last traded at $40.68, with a volume of 845,493 shares changing hands. The stock had previously closed at $39.09.

A number of research analysts have weighed in on ENB shares. Zacks Investment Research cut shares of Enbridge from a “hold” rating to a “sell” rating in a report on Friday, April 22nd. TD Securities reaffirmed a “buy” rating and issued a $58.00 price objective (up previously from $55.00) on shares of Enbridge in a report on Saturday, May 14th. FirstEnergy Capital cut shares of Enbridge from an “outperform” rating to a “market perform” rating and lifted their price objective for the company 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 objective on shares of Enbridge in a report on Wednesday, June 29th. Finally, National Bank Financial cut shares of Enbridge from an “outperform” rating to a “sector perform” rating in a report on Monday, July 18th. One 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. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.92.

The firm has a market cap of $38.21 billion and a PE ratio of 30.09. The firm has a 50-day moving average price of $41.48 and a 200-day moving average price of $38.23.

Enbridge (NYSE:ENB) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.03. During the same period in the previous year, the business posted $0.60 EPS. Equities research analysts anticipate that Enbridge Inc. will post $1.75 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in ENB. Morningstar Investment Services LLC boosted its stake in Enbridge by 17.8% in the fourth quarter. Morningstar Investment Services LLC now owns 190,221 shares of the company’s stock valued at $6,313,000 after buying an additional 28,785 shares during the period. Dimensional Fund Advisors LP boosted its stake in Enbridge by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 142,359 shares of the company’s stock valued at $4,725,000 after buying an additional 1,050 shares during the period. Jennison Associates LLC boosted its stake in Enbridge by 27.0% in the fourth quarter. Jennison Associates LLC now owns 97,678 shares of the company’s stock valued at $3,242,000 after buying an additional 20,756 shares during the period. I.G. Investment Management LTD. boosted its stake in Enbridge by 7.1% in the fourth quarter. I.G. Investment Management LTD. now owns 10,634,031 shares of the company’s stock valued at $353,701,000 after buying an additional 707,216 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Enbridge by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 327,851 shares of the company’s stock valued at $10,881,000 after buying an additional 48,469 shares during the period.

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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