Enbridge Inc. [ENB] is 0.72% higher this YTD. Is it still time to buy?


Enbridge Inc. [NYSE: ENB] jumped around 0.39 points on Wednesday, while shares priced at $39.36 at the close of the session, up 1.00%. The company report on January 4, 2022 that Enbridge Announces Consideration of Hybrid Subordinated Notes Offering.

Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that, subject to market and other conditions, it is considering an offering of hybrid subordinated debt securities in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation.

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If a successful offering is completed, the Company intends to use the net proceeds of the offering to redeem its issued and outstanding Cumulative Redeemable Minimum Rate Reset Preference Shares, Series 17 (TSX: ENB.PF.I), in accordance with their terms, and pending such redemption, to repay short-term indebtedness as well as for general corporate purposes.

Enbridge Inc. stock is now 0.72% up from its year-to-date (YTD) trading value. ENB Stock saw the intraday high of $39.84 and lowest of $39.17 per share. The company’s 52-week high price is 43.35, which means current price is +1.09% above from all time high which was touched on 01/05/22.

Compared to the average trading volume of 5.50M shares, ENB reached a trading volume of 4732517 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 Neutral, with their previous recommendation back on October 25, 2021. The new note on the price target was released on July 20, 2021, representing the official price target for Enbridge Inc. stock. Previously, the target price had yet another raise from $35 to $41, while Goldman kept a Neutral rating on ENB stock.

The Average True Range (ATR) for Enbridge Inc. is set at 0.63, with the Price to Sales ratio for ENB stock in the period of the last 12 months amounting to 2.25. The Price to Book ratio for the last quarter was 1.87, with the Price to Cash per share for the same quarter was set at 0.18.

How has ENB stock performed recently?

Enbridge Inc. [ENB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.53. With this latest performance, ENB shares gained by 3.93% in over the last four-week period, additionally sinking by -1.20% over the last 6 months – not to mention a rise of 19.35% 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 59.49, with the RSI for the last a single of trading hit 68.23, and the three-weeks RSI is set at 54.24 for Enbridge Inc. [ENB]. The present Moving Average for the last 50 days of trading for this stock 39.47, while it was recorded at 39.06 for the last single week of trading, and 39.33 for the last 200 days.

Enbridge Inc. [ENB]: Deeper insight into the fundamentals

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.

Earnings analysis for Enbridge Inc. [ENB]

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 10.40%.

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Insider trade positions for Enbridge Inc. [ENB]

There are presently around $38,458 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 161,871,268, which is approximately 2.115% of the company’s market cap and around 9.20% of the total institutional ownership; BANK OF MONTREAL /CAN/, holding 75,959,834 shares of the stock with an approximate value of $2.96 billion in ENB stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $2.55 billion in ENB stock with ownership of nearly 1.297% of the company’s market capitalization.

Positions in Enbridge Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 524 institutional holders increased their position in Enbridge Inc. [NYSE:ENB] by around 61,781,005 shares. Additionally, 415 investors decreased positions by around 45,986,887 shares, while 221 investors held positions by with 879,087,861 shares. The mentioned changes placed institutional holdings at 986,855,753 shares, according to the latest SEC report filing. ENB stock had 80 new institutional investments in for a total of 11,238,094 shares, while 79 institutional investors sold positions of 2,006,296 shares during the same period.