Enbridge Inc. (NYSE:ENB) shares fell 1.1% on Monday . The company traded as low as $39.35 and last traded at $39.53, with a volume of 314,109 shares changing hands. The stock had previously closed at $39.96.

A number of brokerages have weighed in on ENB. Zacks Investment Research cut shares of Enbridge from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Goldman Sachs Group Inc. cut shares of Enbridge from a “buy” rating to a “neutral” rating and reduced their price target for the company from $44.00 to $42.00 in a research report on Wednesday, July 20th. National Bank Financial cut shares of Enbridge from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $64.00 price target on shares of Enbridge in a research report on Wednesday, June 29th. Finally, TD Securities reaffirmed a “buy” rating and set a $59.00 price target (up from $58.00) on shares of Enbridge in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Enbridge currently has an average rating of “Buy” and an average target price of $56.00.

The company has a market capitalization of $37.00 billion and a price-to-earnings ratio of 34.92. The stock has a 50 day moving average price of $41.09 and a 200 day moving average price of $39.54.

Enbridge (NYSE:ENB) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.03. During the same period in the previous year, the business posted $0.60 earnings per share. Equities research analysts expect that Enbridge Inc. will post $1.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be issued a $0.41 dividend. The ex-dividend date is Thursday, August 11th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.14%.

A hedge fund recently raised its stake in Enbridge stock. Wells Fargo & Company MN raised its position in shares of Enbridge Inc. (NYSE:ENB) by 17.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 327,851 shares of the company’s stock after buying an additional 48,469 shares during the period. Wells Fargo & Company MN’s holdings in Enbridge were worth $10,881,000 at the end of the most recent 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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