Enbridge Inc. [ENB] Revenue clocked in at $31.86 billion, up 24.54% YTD: What’s Next?

Enbridge Inc. [NYSE: ENB] loss -0.99% or -0.4 points to close at $39.84 with a heavy trading volume of 5002106 shares. The company report on June 29, 2021 that Enbridge announces closing of Sustainability Linked Bond Financing.

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Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced the closing of its inaugural Sustainability Linked Bond (“SLB”). As part of a larger US$1.5 billion financing, the Company issued a US$1 billion 12-year term senior note which is consistent with our recently published SLB Framework, incorporating emissions and inclusion goals into the financing terms. The SLB carries a coupon of 2.5%. Enbridge also closed a 30-year US$500 million term senior note issuance with a coupon of 3.4%.

The proceeds from the issuance will be used to repay existing indebtedness, partially fund capital projects and, if applicable, for other general corporate purposes.

It opened the trading session at $40.18, the shares rose to $40.18 and dropped to $39.76, the range by which the price of stock traded the whole day. The daily chart for ENB points out that the company has recorded 23.77% gains over the past six months. However, it is still -47.72% lower than its most recent low trading price.

If we look at the average trading volume of 4.14M shares, ENB reached to a volume of 5002106 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Enbridge Inc. [ENB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ENB shares is $41.66 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ENB stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Enbridge Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 17, 2021. The new note on the price target was released on August 13, 2020, representing the official price target for Enbridge Inc. stock.

The Average True Range (ATR) for Enbridge Inc. is set at 0.51, with the Price to Sales ratio for ENB stock in the period of the last 12 months amounting to 2.52. The Price to Book ratio for the last quarter was 1.79, with the Price to Cash per share for the same quarter was set at 0.19.

Trading performance analysis for ENB stock

Enbridge Inc. [ENB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.40. With this latest performance, ENB shares gained by 3.08% in over the last four-week period, additionally plugging by 23.77% over the last 6 months – not to mention a rise of 34.46% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ENB stock in for the last two-week period is set at 53.29, with the RSI for the last a single of trading hit 49.81, and the three-weeks RSI is set at 55.13 for Enbridge Inc. [ENB]. The present Moving Average for the last 50 days of trading for this stock 39.03, while it was recorded at 40.00 for the last single week of trading, and 34.37 for the last 200 days.

Enbridge Inc. [ENB]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Enbridge Inc. [ENB] shares currently have an operating margin of +19.38 and a Gross Margin at +36.75. Enbridge Inc.’s Net Margin is presently recorded at +8.65.

Return on Total Capital for ENB is now 5.64, given the latest momentum, and Return on Invested Capital for the company is 2.68. Return on Equity for this stock inclined to 5.28, with Return on Assets sitting at 2.08. When it comes to the capital structure of this company, Enbridge Inc. [ENB] has a Total Debt to Total Equity ratio set at 110.25. Additionally, ENB Total Debt to Total Capital is recorded at 52.44, with Total Debt to Total Assets ending up at 42.21. Long-Term Debt to Equity for the company is recorded at 118.43, with the Long-Term Debt to Total Capital now at 49.22.

Reflecting on the efficiency of the workforce at the company, Enbridge Inc. [ENB] managed to generate an average of $300,268 per employee. Receivables Turnover for the company is 6.39 with a Total Asset Turnover recorded at a value of 0.24.Enbridge Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.60.

Enbridge Inc. [ENB]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Enbridge Inc. posted 0.45/share EPS, while the average EPS was predicted by analysts to be reported at 0.47/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ENB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Enbridge Inc. go to 6.91%.

An analysis of insider ownership at Enbridge Inc. [ENB]

There are presently around $39,805 million, or 70.50% of ENB stock, in the hands of institutional investors. The top three institutional holders of ENB stocks are: ROYAL BANK OF CANADA with ownership of 155,526,665, which is approximately 0.433% of the company’s market cap and around 9.20% of the total institutional ownership; CAPITAL INTERNATIONAL INVESTORS, holding 67,345,860 shares of the stock with an approximate value of $2.68 billion in ENB stocks shares; and VANGUARD GROUP INC, currently with $2.5 billion in ENB stock with ownership of nearly 1.572% of the company’s market capitalization.

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Positions in Enbridge Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 534 institutional holders increased their position in Enbridge Inc. [NYSE:ENB] by around 53,666,526 shares. Additionally, 418 investors decreased positions by around 91,462,385 shares, while 178 investors held positions by with 854,004,248 shares. The mentioned changes placed institutional holdings at 999,133,159 shares, according to the latest SEC report filing. ENB stock had 130 new institutional investments in for a total of 4,620,260 shares, while 86 institutional investors sold positions of 5,864,386 shares during the same period.

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