Enbridge Stock Today
| ENB Stock | USD 33.90 0.57 1.71% |
Performance0 of 100
| Odds Of DistressLess than 36
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Enbridge is trading at 33.90 as of the 19th of April 2024, a 1.71% increase since the beginning of the trading day. The stock's open price was 33.33. Enbridge has about a 36 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Enbridge are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Energy | IPO Date 27th of March 1990 |
The company operates through five segments Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada. Enbridge operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. The company has 2.13 B outstanding shares of which 24.51 M shares are currently shorted by investors with about 5.86 days to cover. More on Enbridge
Moving against Enbridge Stock
| 0.56 | DLNG | Dynagas LNG Partners Financial Report 18th of June 2024 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 3rd of May 2024
Enbridge Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Enbridge's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Enbridge or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Enbridge's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Enbridge's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO | Albert Monaco | ||||
| Thematic Idea | Transportation (View all Themes) | ||||
| Old Names | [Ensign Energy Services Inc, Eneabba Gas Limited] | ||||
| Business Concentration | Oil & Gas Storage & Transportation, Oil & Gas Midstream, Energy, NYSE Composite, ARCA Natural Gas, SP TSX Composite, Transportation, Energy, Oil, Gas & Consumable Fuels, Oil & Gas Midstream, Energy (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Enbridge report their recommendations after researching Enbridge's financial statements, talking to executives and customers, or listening in on Enbridge's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Enbridge. The Enbridge consensus assessment is calculated by taking the average forecast from all of the analysts covering Enbridge. | |||||
Enbridge's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Enbridge's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Enbridge's financial leverage. It provides some insight into what part of Enbridge's total assets is financed by creditors.
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Enbridge (ENB) is traded on New York Stock Exchange in USA. It is located in 200, Fifth Avenue Place, Calgary, AB, Canada, T2P 3L8 and employs 11,500 people. Enbridge is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 72.06 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Enbridge's market, we take the total number of its shares issued and multiply it by Enbridge's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Enbridge runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 2.13 B outstanding shares of which 24.51 M shares are currently shorted by investors with about 5.86 days to cover.
Enbridge has about 861 M in cash with 14.2 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.57.
Check Enbridge Probability Of Bankruptcy
Ownership AllocationEnbridge retains a total of 2.13 Billion outstanding shares. Over half of Enbridge's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Enbridge. Please watch out for any change in the institutional holdings of Enbridge as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Enbridge Ownership Details
Enbridge Stock Price Odds Analysis
What are Enbridge's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Enbridge jumping above the current price in 90 days from now is about 87.06%. The Enbridge probability density function shows the probability of Enbridge stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.0052 suggesting Enbridge market returns are sensitive to returns on the market. As the market goes up or down, Enbridge is expected to follow. Additionally, enbridge has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Enbridge to move above the current price in 90 days from now is about 87.06 (This Enbridge probability density function shows the probability of Enbridge Stock to fall within a particular range of prices over 90 days) .
Enbridge Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Enbridge that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Enbridge's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Enbridge's value.| Instituion | Recorded On | Shares | |
| Cibc Global Asset Management Inc | 2023-12-31 | 22.4 M | |
| Mackenzie Investments | 2023-12-31 | 22 M | |
| Manufacturers Life Insurance Co | 2023-12-31 | 21.9 M | |
| Goldman Sachs Group Inc | 2023-12-31 | 21.8 M | |
| Barrow Hanley Mewhinney & Strauss Llc | 2023-12-31 | 20.1 M | |
| Norges Bank | 2023-12-31 | 19.9 M | |
| Clearbridge Advisors, Llc | 2023-12-31 | 19.2 M | |
| The Toronto-dominion Bank | 2023-12-31 | 17.3 M | |
| Jpmorgan Chase & Co | 2023-12-31 | 16 M | |
| Royal Bank Of Canada | 2023-12-31 | 140.1 M | |
| Vanguard Group Inc | 2023-12-31 | 83.1 M |
Enbridge Historical Income Statement
Enbridge Income Statement is one of the three primary financial statements used for reporting Enbridge's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Enbridge revenue and expense. Enbridge Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Enbridge's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 4 B, whereas Cost Of Revenue is forecasted to decline to about 13.5 B. View More FundamentalsEnbridge Stock Against Markets
Picking the right benchmark for Enbridge stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Enbridge stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Enbridge is critical whether you are bullish or bearish towards Enbridge at a given time. Please also check how Enbridge's historical prices are related to one of the top price index indicators.
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Enbridge Corporate Directors
Enbridge corporate directors refer to members of an Enbridge board of directors. The board of directors generally takes responsibility for the Enbridge's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Enbridge's board members must vote for the resolution. The Enbridge board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Stephen Poloz | Independent Director | Profile | |
| Clarence Cazalot | Independent Director | Profile | |
| George Petty | Independent Director | Profile | |
| Adam McKnight | Director - Investor Relations | Profile |
How to buy Enbridge Stock?
Before investing in Enbridge, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Enbridge. To buy Enbridge stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Enbridge. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Enbridge stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Enbridge stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Enbridge stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Enbridge, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Enbridge Stock please use our How to Invest in Enbridge guide.
Already Invested in Enbridge?
The danger of trading Enbridge is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Enbridge is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Enbridge. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Enbridge is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Enbridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enbridge's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enbridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enbridge Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Enbridge Stock analysis
When running Enbridge's price analysis, check to measure Enbridge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enbridge is operating at the current time. Most of Enbridge's value examination focuses on studying past and present price action to predict the probability of Enbridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enbridge's price. Additionally, you may evaluate how the addition of Enbridge to your portfolios can decrease your overall portfolio volatility.
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Is Enbridge's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enbridge. If investors know Enbridge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enbridge listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.59) | Dividend Share 3.55 | Earnings Share 2.06 | Revenue Per Share 21.23 | Quarterly Revenue Growth (0.16) |
The market value of Enbridge is measured differently than its book value, which is the value of Enbridge that is recorded on the company's balance sheet. Investors also form their own opinion of Enbridge's value that differs from its market value or its book value, called intrinsic value, which is Enbridge's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enbridge's market value can be influenced by many factors that don't directly affect Enbridge's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enbridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enbridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enbridge's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.