The shares of Enbridge Inc. (NYSE:ENB) has been pegged with a rating of Sector Perform by National Bank Financial in its latest research note that was published on March 4th, 2019. National Bank Financial wasn’t the only research firm that published a report of Enbridge Inc., with other equities research analysts also giving their opinion on the stock. Evercore ISI advised investors in its research note published on March 4th, 2019, to In-line the ENB stock. The stock had earned Neutral rating from UBS when it published its report on February 8th, 2019. The stock was given Outperform rating by Macquarie in its report released on January 24th, 2019. Wells Fargo was of a view that ENB is Outperform in its latest report on November 6th, 2018. UBS thinks that ENB is worth Buy rating. This was contained in the firm’s report on October 4th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $45.03. The price of the stock the last time has raised by 29.52% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 56.71.
The shares of the company added by 0.38% during the trading session on Monday, reaching a low of $37.14 while ending the day at $37.33. During the trading session, a total of 3.77 million shares were traded which represents a -9.16% decline from the average session volume which is 3.45M shares. ENB had ended its last session trading at 37.19. Enbridge Inc. currently has a market cap of $75.40B, while its P/E ratio stands at 34.53, while its P/E earnings growth sits at 2.17, with a beta of 0.69. Enbridge Inc. debt-to-equity ratio currently stands at 1.05, while its quick ratio hovers at 0.50. ENB 52-week low price stands at $28.82 while its 52-week high price is $37.69.
The company in its last quarterly report recorded $0.65 earnings per share which is above the $0.61 predicted by most analysts. The Enbridge Inc. generated $11,562.00 million in revenue during the last quarter, which is slightly lower than the $12,330.70 million predicted by analysts. In the second quarter last year, the firm recorded $0.55 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 15.38%. Enbridge Inc. has the potential to record 1.08 EPS for the current fiscal year, according to equities analysts.
Investment analysts at BofA/Merrill published a research note on July 2nd, 2018 where it informed investors and clients that The AES Corporation (NYSE:AES) is now rated as Underperform. Evercore ISI also rated AES as Downgrade on March 4th, 2019, with its price target of $139 suggesting that AES could surge by 2.64% from its current share price. Even though the stock has been trading at $17.72/share, analysts expect it to surge higher by -0.17% to reach $18.17/share. It started the day trading at $17.79 and traded between $17.61 and $17.69 throughout the trading session.
A look at its technical shows that AES’s 50-day SMA is 17.75 while its 200-day SMA stands at 15.32. The stock has a high of $18.52 for the year while the low is $11.58. The company’s P/E ratio currently sits at 11.48, while the P/B ratio is 3.67. At the moment, only of The AES Corporation shares were sold short. The company’s average trading volume currently stands at 5.60M shares, which means that the short-interest ratio is just 2.98 days. Over the past seven days, the company moved, with its shift of -1.83%. Looking further, the stock has raised 13.76% over the past 90 days while it gained 17.31% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more AES shares, increasing its portfolio by +4.00% during the last quarter. This move now sees The Vanguard Group Inc purchasing 3,238,597 shares in the last quarter, thus it now holds 84,179,135 shares of AES, with a total valuation of $1,521,958,761. BlackRock Fund Advisors meanwhile bought more AES shares in the recently filed quarter, changing its stake to $652,678,309 worth of shares. Capital Research Management Co followed the path by increasing its AES portfolio by +20.68% in the quarter. This means that Capital Research Management Co bought 6,065,594 shares in the last quarter and now controls 35,402,000 shares of the AES stock, with the valuation hitting $640,068,160.
Similarly, Capital Research Management Co decreased its The AES Corporation shares by -6.28% during the recently filed quarter. After selling -1,975,940 shares in the last quarter, the firm now controls 29,468,517 shares of The AES Corporation which are valued at $532,790,787. In the same vein, Columbia Management Investment Ad decreased its The AES Corporation shares by during the most recent reported quarter. The firm sold -424,925 shares during the quarter which decreased its stakes to 16,860,106 shares and is now valued at $304,830,716. Following these latest developments, around 0.30% of The AES Corporation stocks are owned by institutional investors and hedge funds.