Enbridge stock is trading -21.79% below its average target price of $40.9 after dropping -1.8% during today's afternoon session. Analysts are giving the large-cap Oil & Gas Transportation and Processing company an average rating of buy and target prices ranging from $31.99 to $47.0 per share.
Enbridge's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.9%. The stock's short ratio is 5.88. The company's insiders own 0.16% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 53.7%. In conclusion, we believe there is mixed market sentiment regarding Enbridge.
Institutions Invested in Enbridge
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Royal Bank of Canada | 7% | 150,217,120 | $4,805,430,735 |
| 2023-06-30 | Vanguard Group Inc | 4% | 77,091,009 | $2,466,133,714 |
| 2023-06-30 | Bank of Montreal/Can/ | 3% | 64,606,644 | $2,066,760,118 |
| 2023-06-30 | Deutsche Bank Aktiengesellschaft | 2% | 38,701,623 | $1,238,061,072 |
| 2023-06-30 | 1832 Asset Management L.P. | 1% | 30,213,371 | $966,522,734 |
| 2023-06-30 | TD Asset Management, Inc | 1% | 29,549,025 | $945,270,372 |
| 2023-06-30 | Bank Of Nova Scotia / | 1% | 26,731,287 | $855,131,213 |
| 2023-06-30 | Cibc World Markets, Inc. | 1% | 23,214,406 | $742,626,540 |
| 2023-06-30 | Mackenzie Financial Corporation | 1% | 19,766,987 | $632,343,949 |
| 2023-06-30 | CIBC Asset Management Inc. | 1% | 18,616,583 | $595,542,639 |
