Brokerages Set Enbridge Inc. (TSE:ENB) Target Price at C$63.31

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB has received a consensus rating of "Hold" from the eleven ratings firms that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$63.31.

Several brokerages have issued reports on ENB. TD Securities increased their price target on Enbridge from C$66.00 to C$67.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Barclays raised their price target on shares of Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. Jefferies Financial Group upped their price objective on shares of Enbridge from C$59.00 to C$65.00 in a report on Thursday, January 30th. Wells Fargo & Company increased their price objective on shares of Enbridge from C$57.00 to C$60.00 in a research report on Thursday, December 5th. Finally, CIBC boosted their target price on Enbridge from C$66.00 to C$67.00 in a research report on Wednesday, March 5th.

Insider Buying and Selling at Enbridge

In other Enbridge news, Senior Officer Matthew Allan Akman acquired 1,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were acquired at an average cost of C$61.24 per share, with a total value of C$61,240.00. Also, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total transaction of C$66,293.64. Corporate insiders own 0.10% of the company's stock.

Enbridge Trading Up 1.2 %

Shares of TSE:ENB traded up C$0.76 during trading on Thursday, reaching C$62.81. The stock had a trading volume of 1,726,886 shares, compared to its average volume of 9,637,245. Enbridge has a 52 week low of C$45.39 and a 52 week high of C$65.62. The firm's fifty day moving average is C$62.35 and its 200 day moving average is C$59.35. The stock has a market cap of C$136.12 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st were given a $0.9425 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.77 annualized dividend and a yield of 6.00%. This is a boost from Enbridge's previous quarterly dividend of $0.92. Enbridge's payout ratio is currently 118.98%.

Enbridge Company Profile

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.