Sizzling Stocks: Enbridge Inc. (ENB), Globalstar Inc. (GSAT)

Marco Green
March 20, 2017

The Stock now has a Weekly Volatility of 1.38% and Monthly Volatility of 1.57%. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock.

The company is expected to report earnings of $1.38 a share for the next quarter. Eqis Capital Management Inc. acquired a new position in shares of Enbridge during the third quarter worth about $335,000. British Columbia Investment Management Corp boosted its stake in Enbridge by 1.7% in the third quarter. Overall, 2.87 Million shares exchanged hands versus its average trading volume of 2.59 Million shares. The Manufacturers Life Insurance Company bought a new stake in Enbridge during the third quarter worth $221,809,000. MSI Financial Services Inc boosted its position in Enbridge by 10.6% in the third quarter. Capstone Asset Management Co. now owns 77,020 shares of the company's stock worth $3,407,000 after buying an additional 630 shares during the period. 9 Analysts reported that the Price Target for Enbridge Inc. might touch $53.26 high while the Average Price Target and Low price Target is $48.33 and $40.68 respectively. The relative volume of the stock is 1.11, while its market cap is $70.45 Billion. The company has a 50 day moving average price of $18.74 and a 200-day moving average price of $23.05.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Enbridge Energy Partners L.P. was Reiterated by RBC Capital Mkts on Feb 21, 2017 to Sector Perform, Lowers Price Target to $ 20 from a previous price target of $21.Enbridge Energy Partners L.P. was Reiterated by FBR & Co. on Jan 31, 2017 to Outperform, Lowers Price Target to $ 22 from a previous price target of $29.Enbridge Energy Partners L.P. was Downgraded by Mizuho on Jan 30, 2017 to Neutral, Lowers Price Target to $ 22 from a previous price target of $29.

Enbridge (NYSE:ENB) last posted its quarterly earnings data on Friday, February 17th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.02. For the next 5 years, Enbridge Inc.is expecting Growth of 7.95% per annum, whereas in the past 5 years the growth was 8.5% per annum. Based on announced dividend per share, latest indicated annual dividend is $2.33. On average, analysts predict that Enbridge Inc will post $1.80 EPS for the current year. Stockholders of record on Wednesday, February 15th were issued a $0.4383 dividend. Capital World Investors raised its stake in Enbridge by 14.9% in the third quarter. Based on the forward looking indicated annual dividend, the dividend yield is 13.28%. The ex-dividend date was Monday, February 13th. Enbridge Energy Partners, L.P.'s dividend payout ratio is now -179.23%.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report.

07/29/2016 - Enbridge Energy, L.P. had its "buy" rating reiterated by analysts at UBS. Zacks Investment Research cut Enbridge from a "hold" rating to a "sell" rating in a research report on Tuesday, January 3rd.

Enbridge Energy Partners, L.P. (NYSE:EEP) was the recipient of a significant growth in short interest in February.

When we look at the Analyst Recommendations of the stock, the company has 1 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell.

Enbridge Inc is a Canada-based energy transportation and distribution company.

02/25/2016 - Morgan Stanley began new coverage on Enbridge Energy, L.P. giving the company a "underweight" rating. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services.

Enbridge Energy Partners, L.P.is a limited partnership that owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States.

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