Enbridge Sees Unusually Large Options Volume (NYSE:ENB)

Enbridge Inc. (NYSE:ENB) (TSE:ENB) was the target of unusually large options trading on Wednesday. Stock investors purchased 20,216 put options on the stock. This is an increase of approximately 1,036% compared to the average daily volume of 1,779 put options.

Enbridge Stock Up 0.7 %

Shares of Enbridge stock opened at $43.73 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.55. Enbridge has a 52-week low of $32.86 and a 52-week high of $45.78. The company’s 50 day moving average price is $43.45 and its 200-day moving average price is $42.30. The stock has a market capitalization of $95.28 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 3.92 and a beta of 0.95.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, February 14th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. The firm had revenue of $11.59 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Enbridge had a net margin of 10.04% and a return on equity of 10.16%. During the same quarter in the previous year, the company earned $0.64 earnings per share. Equities research analysts forecast that Enbridge will post 2.14 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ENB. Anchor Pointe Wealth Management LLC bought a new position in shares of Enbridge during the fourth quarter valued at approximately $233,000. Aegis Wealth Management LLC bought a new position in Enbridge in the 4th quarter worth $348,000. Elite Financial Inc. purchased a new stake in shares of Enbridge in the 4th quarter worth about $601,000. Comprehensive Money Management Services LLC bought a new stake in shares of Enbridge during the 4th quarter valued at about $425,000. Finally, Capital A Wealth Management LLC purchased a new position in shares of Enbridge during the fourth quarter valued at about $39,000. Institutional investors own 54.60% of the company’s stock.

Analyst Ratings Changes

ENB has been the topic of several research reports. Royal Bank of Canada lifted their price target on shares of Enbridge from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. CIBC reiterated an “outperform” rating on shares of Enbridge in a research report on Wednesday, March 5th. Finally, TD Securities initiated coverage on shares of Enbridge in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

About Enbridge

Enbridge Inc, together with its subsidiaries, 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.