Stock traders buy high volume of Enbridge put options (NYSE:ENB)

Enbridge Inc. (NYSE:ENB – Get Rating) (TSE:ENB) saw unusual options trading activity on Wednesday. Investors bought 20,216 put options on the stock. This is an increase of approximately 1,036% from the typical volume of 1,779 put options.

Enbridge shares opened at $41.54 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt ratio of 1.22. The company’s 50-day moving average price is $40.69 and its two-hundred-day moving average price is $40.30. Enbridge has a 52-week low of $33.78 and a 52-week high of $43.72. The stock has a market capitalization of $84.17 billion, a PE ratio of 18.38, a price-to-growth earnings ratio of 2.86 and a beta of 0.79.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 1. Shareholders of record on Tuesday, February 15 will receive a dividend of $0.673 per share. The ex-date of this dividend is Monday, February 14. This represents an annualized dividend of $2.69 and a yield of 6.48%. Enbridge’s payout ratio is currently 119.91%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. TD Asset Management Inc. increased its stake in Enbridge by 0.6% during the third quarter. TD Asset Management Inc. now owns 30,167,189 shares of the pipeline company worth $1,201,592,000 after purchasing an additional 188,936 shares during the period. Deutsche Bank AG increased its stake in Enbridge by 10.6% during the fourth quarter. Deutsche Bank AG now owns 22,595,887 shares of the pipeline company worth $883,048,000 after purchasing an additional 2,164,782 shares during the period. The Toronto-Dominion Bank increased its stake in Enbridge by 24.0% during the third quarter. The Toronto Dominion Bank now owns 21,728,940 shares of the pipeline company worth $890,622,000 after purchasing an additional 4,208,208 shares during the period. 1832 Asset Management LP increased its stake in Enbridge by 17.9% during the 4th quarter. 1832 Asset Management LP now owns 21,713,610 shares of the pipeline company worth $846,527,000 after purchasing an additional 3,303,114 shares during the period. Finally, CIBC Asset Management Inc. increased its stake in Enbridge by 9.8% during the 3rd quarter. CIBC Asset Management Inc. now owns 20,956,127 shares of the pipeline company worth $829,172,000 after purchasing an additional 1,876,500 shares during the period. Hedge funds and other institutional investors hold 53.80% of the company’s shares.

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ENB has been the subject of several analyst reports. Raymond James raised his price target on Enbridge shares from C$53.00 to C$54.50 and gave the company a “market performance” rating in a Monday, Feb. 14 report. Scotiabank downgraded Enbridge shares from an “outperforming the sector” rating to an “performing the sector” rating in a report released on Monday, February 14. National Bank Financial raised its price target on Enbridge shares from C$56.00 to C$57.00 in a report released on Monday, February 14. BMO Capital Markets raised its price target on Enbridge shares from C$57.00 to C$59.00 in a report released on Monday, February 14. Finally, CIBC raised its price target on Enbridge shares from C$57.00 to C$58.00 in a report released on Monday, February 14. Seven analysts gave the stock a hold rating and eight gave the stock a buy rating. According to data from MarketBeat.com, Enbridge currently has an average buy rating and an average target price of $53.77.

Enbridge Company Profile (Get a rating)

Enbridge, Inc engages in the supply of oil and gas businesses. It operates through the following segments: Liquids Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation and Energy Services. The Liquids Pipelines segment includes common carriers and crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the United States, including the Canadian Mainline, Regional Oil Sands System, Southern Pipeline Lights, Spearhead Pipeline, Seaway Crude Pipeline and other interests. supply lines.

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