|Bid||51.34 x 0|
|Ask||51.35 x 0|
|Day's Range||50.60 - 51.38|
|52 Week Range||39.69 - 51.38|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||17.82|
|Earnings Date||Feb. 13, 2020 - Feb. 17, 2020|
|Forward Dividend & Yield||2.95 (5.83%)|
|1y Target Est||54.50|
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,957.99, up 48.61 points.)Enbridge Inc. (TSX:ENB). Energy. Up 70 cents, or 1.38 per cent, to $51.37 on 8.8 million shares.Encana Corp. (TSX:ECA). Energy. Down 11 cents, or 1.84 per cent, to $5.86 on 5.2 million shares.Bombardier Inc. (TSX:BBD.B). Industrials, Up five cents, or 2.58 per cent, to $1.99 on 4.8 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down two cents, or 0.42 per cent, to $4.69 on 3.5 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down 12 cents, or 0.45 per cent, to $26.26 on 6.5 million shares.Kinross Gold Corp. (TSX:K). Materials. Down three cents, or 0.53 per cent, to $5.65 on 3.7 million shares. Companies in the news:Canada Goose Holdings Inc. (TSX:GOOS). Down $5.65 or 10.9 per cent to $46.13. Shares of Canada Goose Holdings Inc. sank even though it beat expectations as revenue grew more than 25 per cent in its most recent quarter partly as a result of a jump in Asia. The company warned Wednesday that wholesale revenues are expected to decrease in the third quarter because orders were advanced leaving fewer remaining winter orders to come. The luxury parka retailer reported a $60.6 million second-quarter profit, compared with a $49.9-million profit in the same quarter the previous year. On an adjusted basis, the company said it earned $63.6 million or 57 cents per diluted share, up from $51.1 million or 46 cents per diluted share a year ago.Loblaw Companies Ltd. (TSX:L). Up 55 cents to $70.86. Loblaw Companies Ltd. saw traffic to its grocery stores drop in its most recent quarter, and the retailer lowered prices and took other measures to win over customers in an increasingly competitive industry. The company noticed an uptick in competitive intensity during the third quarter, particularly in the discount division, said Loblaw president Sarah Davis during a conference call with analysts Wednesday. It has seen rivals add stores, complete renovations and lower prices, she said. Loblaw also took steps to lower food prices in the third quarter, which resulted in a sales lift. Loblaw's third-quarter profit rose to $331 million from $106 million a year ago.Home Capital Group Inc. (TSX:HCG). Up $4.15 or 14.3 per cent to $33.15. Shares of Home Capital Group Inc. surged as earnings rose along with a rebounding mortgage market. The company's stock has seen steady gains this year, recovering to where it was before the company was embroiled in reporting issues in 2017, which saw shares dive to a low of $5.85. They are still well off the high of over $50 reached in 2014. CEO Yousry Bissada, who was brought on as CEO in 2017 to help right the company, said its focus on digital investments to help streamline services, along with marketing and customer service are helping Home Capital get ahead. The company said it earned $39 million in the quarter, up from a profit of $32.6 million a year earlier.CAE Inc. (TSX:CAE). Up $1.37 or four per cent to $35.66. CAE Inc. says its second-quarter profit rose nearly 22 per cent from the same time last year as its civil aviation business led revenue growth. The simulator and training company said it earned a profit attributable to shareholders of $73.8 million or 28 cents per share for the quarter, up from $60.7 million or 23 cents per share last year. Revenue totalled $896.8 million, up from $743.8 million a year ago. The growth came as revenue at CAE's civil aviation business rose 35 per cent compared with a year ago to $529.9 million, while revenue at its defence and security business totalled $336.5 million, up five per cent from a year ago.Manulife Financial Corp. — Manulife Financial Corp. says it has reached a settlement with the Toronto Transit Commission related to the Healthy Fit benefits fraud case. Terms of the agreement were not disclosed. Following a tip, the TTC began an investigation in 2014 that found that Healthy Fit, a health-care products and service provider, was issuing fake or inflated receipts. Employees would submit the falsified claims to Manulife, the company's insurance provider, collect the money, then share the payment with Healthy Fit. The TTC had sued Manulife alleging the company did not have the appropriate fraud management controls in place, a claim the insurance company denied.Cronos Group Inc. (TSX:CRON). Down 79 cents or 7.6 per cent to $9.61. Cannabis company Cronos Group Inc. reported a profit in its third quarter, boosted by an $835-million gain in derivative liabilities, as revenue grew to $12.7 million. The company says its net profit amounted to $788 million for the quarter ended Sept. 30. That compared with a loss of $7.3 million in the same quarter last year. Cronos says its adjusted earnings before interest, taxes, depreciation and amortization amounted to a loss of $23.9 million in its most recent quarter compared with a loss of $3.2 million a year ago. Revenue was up from $3.8 million in the same quarter last year and up from $10.2 million in the second quarter of 2019.This report by The Canadian Press was first published Nov. 13, 2019.The Canadian Press
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CALGARY — Oil export options for western Canadian producers continue to expand in small increments as delays persist for major proposed pipeline projects.On Friday, Calgary-based Enbridge Inc. said an optimization program on its Mainline system, which accounts for about 70 per cent of Canadian oil exports into the United States, is expected to add 100,000 barrels per day of additional capacity by year-end.That's at the top end of its original target of 50,000 to 100,000 bpd and a 15,000 bpd increase over the 85,000 bpd expected by Canadian Natural Resources Ltd. Enbridge added it plans to bring on another 50,000 bpd of capacity in a smaller pipeline expansion early next year. Last summer, rival TC Energy Corp. held an open season to assign 50,000 bpd of added incremental capacity on its existing Keystone pipeline system into the U.S.On a conference call, Enbridge CEO Al Monaco said having the Canadian side of its Line 3 replacement pipeline in service by Dec. 1 will help meet producer demand on a Mainline system that has been operating at near maximum capacity, clocking in at over 2.7 million bpd in the third quarter."On the Mainline, we expect to bring in about 100,000 barrels per day of incremental capacity by year-end. That extra 100,000 comes from capacity recovery, optimization of receipt and delivery windows, as well as leveraging Line 3 Canada," he said."We're also moving forward with a 50,000-barrel-per-day expansion of Express to serve PADD 4 (U.S. Rockies region). That should be ready in Q1."The American part of the $9-billion Line 3 project could still be in service in 2020, as previously predicted, but timing is unclear after state utility regulators in Minnesota in October ordered further study on the potential effects of oil spills in the Lake Superior watershed."Once we have timelines from the PUC (Minnesota public utilities commission) and agencies, we will be able to provide the next key milestones toward the start of construction," said Monaco.Completion of Line 3 would add 370,000 bpd of oil export capacity. Meanwhile, construction is proceeding on the Trans Mountain pipeline expansion to the Canadian West Coast but the Keystone XL pipeline has been delayed by court challenges in the U.S.The failure of pipeline expansions to keep up with growth in oilsands production has been blamed for steep oil price discounts in Alberta.Enbridge shares rose on the Toronto Stock Exchange after it reported record third-quarter adjusted earnings and distributable cash flow driven by high levels of oil transported on the Mainline and input from new capital projects placed in serviceThe company says it earned $949 million in the third quarter, up from a loss of $90 million in the same quarter last year caused by a number of one-time charges.The Calgary-based company says adjusted earnings worked out to $1.12 billion, or 56 cents per share, for the quarter ending Sept. 30, up from $933 million, or 55 cents per share last year.Analysts had expected adjusted earnings of $1.09 billion, or 53 cents per share according to financial markets data firm Refinitiv.In a report, analysts at Tudor Pickering Holt & Co. welcomed the company's expectation to finish the year above the midpoint of financial guidance following a "steady quarter" ended Sept. 30 and despite delays in its Line 3 project.This report by The Canadian Press was first published Nov. 8, 2019.Companies in this story: (TSX:ENB, TSX:CNQ, TSX:TRP)Dan Healing, The Canadian Press
CALGARY , Nov. 8, 2019 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported third quarter 2019 financial results and provided a quarterly business update. THIRD QUARTER 2019 ...