Enbridge Inc. (NYSE:ENB) changed -0.65% to recent value of $33.38. The stock transacted 3488210 shares during most recent day however it has an average volume of 3149.55K shares. It spotted trading -12.25% off 52-week high price. On the other end, the stock has been noted 15.82% away from the low price over the last 52-weeks.

On Aug.19, 2019, Enbridge Inc. (TSX:ENB) (NYSE:ENB) notified that none of its outstanding Cumulative Redeemable Preference Shares, Series 3 (Series 3 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 4 of Enbridge (Series 4 Shares) on September 1, 2019.

After taking into account all conversion notices received from holders of its outstanding Series 3 Shares by the August 19, 2019 deadline for the conversion of the Series 3 Shares into Series 4 Shares, less than the 1,000,000 Series 3 Shares required to give effect to conversions into Series 4 Shares were tendered for conversion.

About Enbridge Inc.

Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S.; and Utilities and Power Operations, which serves approximately 3.7 million retail customers in Ontario, Quebec and New Brunswick, and generates approximately 1,600 MW of net renewable power in North America and Europe. The Company’s common shares trade on the Toronto and New York stock exchanges under the symbol ENB. ENB has a gross margin of 38.00% and an operating margin of 14.10% while its profit margin remained 8.50% for the last 12 months. Its earnings per share (EPS) expected to touch remained 360.60% for this year while earning per share for the next 5-years is expected to reach at 6.24%.

 The company has 2021.48M of outstanding shares and 2019.79M shares were floated in the market. According to the most recent quarter its current ratio was 0.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of -6.93% from the mean of 20 days, -6.88% from mean of 50 days SMA and performed -4.61% from mean of 200 days price. Company’s performance for the week was -6.58%, -6.08% for month and YTD performance remained 7.40%.

Leave a Reply

Your email address will not be published. Required fields are marked *