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 |
