Enbridge Sees Unusually High Options Volume (NYSE:ENB)

Enbridge Inc. (NYSE:ENB) (TSE:ENB) was the target of unusually large options trading activity on Wednesday. Stock traders bought 20,216 put options on the company. This is an increase of approximately 1,036% compared to the typical volume of 1,779 put options.

Wall Street Analyst Weigh In

A number of research firms have commented on ENB. Jefferies Financial Group began coverage on shares of Enbridge in a research note on Tuesday, February 27th. They issued a “buy” rating for the company. Stifel Nicolaus began coverage on shares of Enbridge in a report on Thursday, January 18th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Enbridge presently has a consensus rating of “Hold” and an average price target of $55.20.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ENB. Quilter Plc purchased a new stake in shares of Enbridge in the 1st quarter worth about $293,879,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Enbridge in the 4th quarter worth about $25,000. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Enbridge in the 4th quarter worth about $25,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Enbridge in the 2nd quarter worth about $26,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Enbridge in the 1st quarter worth about $27,000. 54.60% of the stock is currently owned by institutional investors.

Enbridge Trading Up 1.1 %

NYSE:ENB opened at $33.33 on Thursday. The company has a fifty day moving average of $35.03 and a 200 day moving average of $34.65. Enbridge has a 52 week low of $31.03 and a 52 week high of $40.30. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $70.85 billion, a P/E ratio of 15.87, a P/E/G ratio of 3.17 and a beta of 0.84.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Enbridge had a net margin of 13.97% and a return on equity of 10.23%. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $9.62 billion. On average, research analysts predict that Enbridge will post 2.13 earnings per share for the current year.

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.