Enbridge Inc (NYSE:ENB) traded at a new 52-week high today of $46.42. Approximately 324,000 shares have changed hands today, as compared to an average 30-day volume of 4.9 million shares.
Enbridge owns extensive midstream assets that transport hydrocarbons across 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. Finally, the firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.
Enbridge Inc (NYSE:ENB) defies analysts with a current price ($46.32) 1.5% above its average consensus price target of $45.63.
In the past 52 weeks, shares of Enbridge Inc have traded between a low of $36.20 and a high of $46.42 and is now at $46.32, which is 28% above that low price.
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