News headlines about Enbridge (NYSE:ENB) (TSE:ENB) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Enbridge earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 45.2122804910565 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s analysis:
- Enbridge (ENB) Announces Quarterly Dividend of $0.53 (americanbankingnews.com)
- Is Enbridge Inc. Still a Top Canadian Dividend Stock in the Energy Sector? (fool.ca)
- Enbridge (ENB) Downgraded to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Research Analysts Set Expectations for Enbridge’s Q1 2018 Earnings (ENB) (americanbankingnews.com)
- New documentary airing on DPTV looks at all sides of Enbridge Line 5 debate (michiganradio.org)
A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Enbridge from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine cut shares of Enbridge from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Mizuho initiated coverage on shares of Enbridge in a research note on Thursday, March 29th. They set a “neutral” rating on the stock. Morgan Stanley reduced their price target on shares of Enbridge from $38.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, March 23rd. Finally, Bank of America initiated coverage on shares of Enbridge in a report on Tuesday, January 9th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $43.67.
Enbridge (NYSE:ENB) (TSE:ENB) last announced its quarterly earnings results on Friday, February 16th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.39 billion. Enbridge had a net margin of 6.56% and a return on equity of 5.47%. analysts forecast that Enbridge will post 1.9 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be issued a $0.5295 dividend. This is an increase from Enbridge’s previous quarterly dividend of $0.53. This represents a $2.12 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date is Monday, May 14th. Enbridge’s payout ratio is currently 138.96%.
In other Enbridge news, insider Robert R. Rooney bought 6,100 shares of Enbridge stock in a transaction dated Thursday, March 15th. The shares were purchased at an average cost of $40.80 per share, for a total transaction of $248,880.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael E. J. Phelps sold 18,054 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $34.00, for a total transaction of $613,836.00. Following the completion of the sale, the director now owns 56,245 shares in the company, valued at $1,912,330. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.
Enbridge Company Profile
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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