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Saturday, June 3, 2023

There’s No Getting Around Enbridge Inc. (NYSE: ENB) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Enbridge Inc. (ENB) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.19, or 0.48%, to $39.75. The Enbridge Inc. has recorded 18,408 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Fortis Inc. Announces Sale of Aitken Creek Natural Gas Storage Facilities in British Columbia.

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Stocks Info

ENB belongs to the Energy sector of the NYSE while operating in the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $39.56 and fluctuated between $39.90 as its day high and $39.50 as its day low. The current market capitalization of Enbridge Inc. is $78.95B. A total of 1.96 million shares were traded on the day, compared to an average of 3.59M shares.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Enbridge Inc. pays an annual dividend of $2.66, resulting in a dividend yield of 6.73%, and it has a price to earnings (P/E) ratio of 42.17. ENB’s most recent ex-dividend date was 2/14/2023 when it declared a $0.6538 quarterly dividend that was paid in cash on 3/1/2023. Previously, the company paid the dividend on 12/1/2022 with an ex-dividend date of 11/14/2022. The ENB stock dividend was $0.6310 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ENB in the last 3 months, the mean price target is $43.25 with high estimates of $48.01 and low estimates of $39.15. In terms of 52-week highs and lows, ENB has a high of $47.67 and a low of $35.02.

As of this writing, ENB has an earnings estimate of $0.62 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.68 per share and a lower estimate of $0.59. The company reported an EPS of $0.5 in the last quarter, which was 4.20% higher than expectations of $0.48.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ENB’s latest balance sheet shows that the firm has $286.00M in Cash & Short Term Investments as of fiscal 2021. There were $75.64B in debt and $18.23B in liabilities at the time. Its Book Value Per Share was $19.31, while its Total Shareholder’s Equity was $63.37B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 22 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ENB is Sell with a score of 3.88. A total of 10 analysts rated the stock as Buy while 1 rated it as Overweight while 11 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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