Shares of Enbridge Inc (NYSE:ENB) traded at a new 52-week high today of $38.56. Approximately 745,000 shares have changed hands today, as compared to an average 30-day volume of 3.3 million shares.
Enbridge Inc (NYSE:ENB) is currently priced 4.6% above its average consensus analyst price target of $36.66.
Over the past year, Enbridge Inc has traded in a range of $26.97 to $38.56 and is now at $38.44, 43% above that low.
Enbridge is an energy generation, distribution, and transportation company in the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company. Additionally, Enbridge generates renewable and alternative energy with 2,000 megawatts of capacity.
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