Enbridge targets unusually large options trades (NYSE:ENB)


Enbridge Inc. (NYSE: ENBGet a rating) (TSE:ENB) was the recipient of some unusual options trades on Wednesday. Equity investors bought 20,216 put options on the company. This represents an increase of approximately 1,036% from the average daily volume of 1,779 puts.

Shares of Enbridge Shares opened at $46.83 on Thursday. The company has a debt ratio of 1.22, a current ratio of 0.49 and a quick ratio of 0.40. Enbridge has a one-year low of $36.21 and a one-year high of $47.42. The stock has a market capitalization of $94.86 billion, a P/E ratio of 20.72, a price-to-earnings growth ratio of 3.19 and a beta of 0.78. The company’s 50-day simple moving average is $44.55 and its two-hundred-day simple moving average is $41.92.

Enbridge (NYSE: ENBGet a rating) (TSE:ENB) last released its results on Friday, February 11. The pipeline company reported earnings per share (EPS) of $0.54 for the quarter, missing Thomson Reuters consensus estimate of $0.61 per ($0.07). Enbridge had a net margin of 12.66% and a return on equity of 9.98%. The company posted revenue of $9.89 billion for the quarter, versus $10.10 billion expected by analysts. Sell-side analysts expect Enbridge to post earnings per share of 2.41 for the current fiscal year.

ENB has been the subject of a number of research analyst reports. BMO Capital Markets raised its price target on Enbridge from C$57.00 to C$59.00 in a Monday, February 14 research report. Scotiabank raised its price target on Enbridge from C$58.00 to C$62.00 in a report released Tuesday. CIBC raised its price target on Enbridge from C$57.00 to C$58.00 in a Monday, February 14 report. Morgan Stanley downgraded Enbridge from an “overweight” rating to an “equal weight” rating and set a price target of $60.00 for the stock. in a report on Friday, January 7. Finally, National Bank Financial raised its price target on Enbridge from CA$56.00 to CA$57.00 in a Monday, February 14 report. Eight analysts gave the stock a hold rating and eight gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $54.23.

Several institutional investors and hedge funds have recently bought and sold shares of ENB. Consolidated Planning Corp bought a new position in Enbridge stock during the third quarter valued at around $25,000. First Command Bank increased its stake in Enbridge shares to 96.4% during the first quarter. First Command Bank now owns 601 shares of the pipeline company valued at $28,000 after purchasing an additional 295 shares during the period. Rosenberg Matthew Hamilton bought a new position in Enbridge stock during the fourth quarter valued at around $30,000. First Command Financial Services Inc. increased its stake in Enbridge shares by 153.3% during the fourth quarter. First Command Financial Services Inc. now owns 775 shares of the pipeline company valued at $30,000 after purchasing an additional 469 shares during the period. Finally, Monolith Advisors purchased a new equity stake in Enbridge during the fourth quarter valued at approximately $31,000. 53.80% of the shares are currently held by hedge funds and other institutional investors.

Enbridge Company Profile (Get a rating)

Enbridge Inc 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.

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