Investors Are Bullish on Enbridge - Here's What You Need to Know.

This morning we watched Enbridge rise 1.0% to a price of $36.84 per share. The large-cap Oil & Gas Transportation and Processing company is now trading -7.44% below its average target price of $39.8. Analysts have set target prices ranging from $33.7 to $43.53 per share for Enbridge, and have given the stock an average rating of hold.

Enbridge's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.5%. The stock's short ratio is 5.36. The company's insiders own 0.15% 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 55.1%. In conclusion, we believe there is mixed market sentiment regarding Enbridge.

Institutions Invested in Enbridge

Date Reported Holder Percentage Shares Value
2023-09-30 Royal Bank of Canada 7% 152,143,121 $5,604,952,600
2023-09-30 Vanguard Group Inc 4% 81,491,857 $3,002,160,024
2023-09-30 Bank of Montreal/Can/ 3% 69,557,729 $2,562,506,746
2023-09-30 Deutsche Bank Aktiengesellschaft 2% 34,811,225 $1,282,445,534
2023-09-30 1832 Asset Management L.P. 2% 34,442,344 $1,268,855,958
2023-09-30 Wellington Management Group, LLP 2% 32,531,108 $1,198,446,023
2023-09-30 TD Asset Management, Inc 1% 30,213,082 $1,113,049,945
2023-09-30 Cibc World Markets, Inc. 1% 28,488,996 $1,049,534,616
2023-09-30 Bank Of Nova Scotia / 1% 28,085,040 $1,034,652,877
2023-09-30 Mackenzie Financial Corporation 1% 22,523,066 $829,749,754
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.