Enbridge Stock Today
| ENB Stock | CAD 46.67 0.78 1.70% |
Performance0 of 100
| Odds Of DistressLess than 3
|
Enbridge is selling at 46.67 as of the 19th of April 2024; that is 1.70 percent increase since the beginning of the trading day. The stock's open price was 45.89. Enbridge has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Enbridge are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Energy |
The company operates through five segments Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada. ENBRIDGE INC operates under Oil Gas Midstream classification in Canada and is traded on Toronto Stock Exchange. The company has 2.13 B outstanding shares of which 49.93 M shares are currently shorted by private and institutional investors with about 9.36 days to cover all short positions. More on Enbridge
Moving together with Enbridge Stock
| 0.86 | ENS | E Split Corp | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Enbridge Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Enbridge's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Enbridge or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Enbridge's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Enbridge's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO | Albert Monaco | ||||
| Business Concentration | Oil & Gas Storage & Transportation, Oil & Gas Midstream, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas Midstream, Energy (View all Sectors) | ||||
Enbridge's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Enbridge's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Enbridge's financial leverage. It provides some insight into what part of Enbridge's total assets is financed by creditors.
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Enbridge (ENB) is traded on Toronto Exchange in Canada and employs 11,500 people. Enbridge is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 99.2 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Enbridge's market, we take the total number of its shares issued and multiply it by Enbridge's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Enbridge operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 2.13 B outstanding shares of which 49.93 M shares are currently shorted by private and institutional investors with about 9.36 days to cover all short positions.
Enbridge has accumulated about 861 M in cash with 14 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.69.
Check Enbridge Probability Of Bankruptcy
Ownership AllocationEnbridge retains a total of 2.13 Billion outstanding shares. Over half of Enbridge's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Enbridge. Please watch out for any change in the institutional holdings of Enbridge as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Enbridge Ownership Details
Enbridge Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Enbridge jumping above the current price in 90 days from now is about 79.86%. The Enbridge probability density function shows the probability of Enbridge stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Enbridge has a beta of 0.5858 suggesting as returns on the market go up, Enbridge average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Enbridge will be expected to be much smaller as well. Additionally, enbridge has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Enbridge to move above the current price in 90 days from now is about 79.86 (This Enbridge probability density function shows the probability of Enbridge Stock to fall within a particular range of prices over 90 days) .
Enbridge Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Enbridge market risk premium is the additional return an investor will receive from holding Enbridge long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Enbridge. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Enbridge's alpha and beta are two of the key measurements used to evaluate Enbridge's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.6453 | |||
| Standard Deviation | 0.855 | |||
| Variance | 0.7311 | |||
| Risk Adjusted Performance | (0.06) |
Enbridge Stock Against Markets
Picking the right benchmark for Enbridge stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Enbridge stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Enbridge is critical whether you are bullish or bearish towards Enbridge at a given time. Please also check how Enbridge's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Enbridge without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Enbridge Corporate Directors
Enbridge corporate directors refer to members of an Enbridge board of directors. The board of directors generally takes responsibility for the Enbridge's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Enbridge's board members must vote for the resolution. The Enbridge board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Clarence Cazalot | Independent Director | Profile | |
| George Petty | Independent Director | Profile | |
| Adam McKnight | Director - Investor Relations | Profile | |
| Maureen Darkes | Independent Director | Profile |
How to buy Enbridge Stock?
Before investing in Enbridge, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Enbridge. To buy Enbridge stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Enbridge. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Enbridge stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Enbridge stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Enbridge stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Enbridge, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Enbridge Stock please use our How to Invest in Enbridge guide.
Already Invested in Enbridge?
The danger of trading Enbridge is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Enbridge is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Enbridge. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Enbridge is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Enbridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enbridge's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enbridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enbridge Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.Note that the Enbridge information on this page should be used as a complementary analysis to other Enbridge's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Enbridge Stock analysis
When running Enbridge's price analysis, check to measure Enbridge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enbridge is operating at the current time. Most of Enbridge's value examination focuses on studying past and present price action to predict the probability of Enbridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enbridge's price. Additionally, you may evaluate how the addition of Enbridge to your portfolios can decrease your overall portfolio volatility.
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