Stock Traders Buy High Volume of Enbridge Call Options (ENB)

Enbridge Inc (NYSE:ENB) (TSE:ENB) saw unusually large options trading on Tuesday. Stock investors purchased 5,547 call options on the stock. This is an increase of approximately 929% compared to the typical daily volume of 539 call options.

ENB has been the topic of several research reports. GMP Securities lowered Enbridge from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Zacks Investment Research lowered Enbridge from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Morgan Stanley dropped their price objective on Enbridge from $43.00 to $41.00 and set an “equal weight” rating on the stock in a report on Friday, November 17th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $54.00 price objective on shares of Enbridge in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Enbridge presently has a consensus rating of “Hold” and an average price target of $52.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Spectrum Management Group Inc. purchased a new position in shares of Enbridge during the third quarter worth about $113,000. First Personal Financial Services grew its holdings in shares of Enbridge by 16.4% during the second quarter. First Personal Financial Services now owns 2,825 shares of the pipeline company’s stock worth $112,000 after buying an additional 397 shares during the last quarter. Welch Group LLC purchased a new stake in Enbridge in the 2nd quarter valued at approximately $121,000. Fieldpoint Private Securities LLC purchased a new stake in Enbridge in the 3rd quarter valued at approximately $130,000. Finally, Valeo Financial Advisors LLC purchased a new stake in Enbridge in the 3rd quarter valued at approximately $146,000. 62.14% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge (ENB) opened at $38.63 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 1.06. Enbridge has a twelve month low of $34.39 and a twelve month high of $44.51. The stock has a market capitalization of $63,930.07, a PE ratio of 24.30, a P/E/G ratio of 2.71 and a beta of 0.64.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings results on Thursday, November 2nd. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. Enbridge had a return on equity of 5.62% and a net margin of 7.49%. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter last year, the company posted $0.47 earnings per share. analysts expect that Enbridge will post 1.54 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be issued a dividend of $0.5278 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 5.47%. This is a positive change from Enbridge’s previous quarterly dividend of $0.47. Enbridge’s dividend payout ratio (DPR) is currently 120.76%.

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Enbridge Company Profile

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

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