Media coverage about Enbridge (NYSE:ENB) (TSE:ENB) has trended somewhat positive on Saturday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Enbridge earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 46.2358161412665 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Toronto Dominion Bank Adjusts Its Investment in Enbridge Inc (ENB) Stock Last Quarter – Modern Readers (modernreaders.com)
- Enbridge Pipeline Gets Environmental OK From Minnesota – Bloomberg BNA (bna.com)
- Enbridge Inc. Continues Its Swoon (baystreet.ca)
- Enbridge Inc. 2017 Q2 – Results – Earnings Call Slides (seekingalpha.com)
- How Enbridge Inc Makes Most of Its Money (fool.com)
ENB has been the subject of several research analyst reports. Zacks Investment Research downgraded Enbridge from a “hold” rating to a “strong sell” rating in a research note on Monday, April 24th. Morgan Stanley started coverage on Enbridge in a research note on Tuesday, May 2nd. They issued an “equal weight” rating and a $45.00 price objective for the company. Wolfe Research started coverage on Enbridge in a research note on Friday, May 12th. They issued a “market perform” rating and a $43.00 price objective for the company. J P Morgan Chase & Co reissued a “neutral” rating on shares of Enbridge in a research note on Friday, June 23rd. Finally, BidaskClub raised Enbridge from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Enbridge presently has a consensus rating of “Hold” and an average target price of $54.00.
Shares of Enbridge (ENB) traded up 0.74% during mid-day trading on Friday, reaching $39.42. The company’s stock had a trading volume of 1,480,343 shares. The firm has a market capitalization of $64.88 billion, a P/E ratio of 32.31 and a beta of 0.62. Enbridge has a 1-year low of $37.37 and a 1-year high of $45.77. The company’s 50-day moving average is $40.59 and its 200 day moving average is $40.82.
Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.05. Enbridge had a return on equity of 6.04% and a net margin of 5.28%. The company had revenue of $8.26 billion during the quarter, compared to analyst estimates of $8.81 billion. During the same period last year, the firm earned $0.50 earnings per share. On average, analysts expect that Enbridge will post $1.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $0.489 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.96%. This is a boost from Enbridge’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, August 11th. Enbridge’s payout ratio is 190.29%.
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Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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