Enbridge (NYSE:ENB - Get Free Report) TSE: ENB is expected to post its quarterly earnings results before the market opens on Friday, February 14th. Analysts expect Enbridge to post earnings of $0.52 per share and revenue of $7.70 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.
Enbridge Stock Up 0.8 %
NYSE:ENB traded up $0.35 during trading hours on Monday, hitting $44.80. 2,769,395 shares of the company's stock traded hands, compared to its average volume of 3,878,190. Enbridge has a twelve month low of $32.85 and a twelve month high of $45.78. The firm has a market cap of $97.60 billion, a P/E ratio of 20.74, a P/E/G ratio of 4.08 and a beta of 0.94. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62. The stock's fifty day moving average price is $43.20 and its two-hundred day moving average price is $41.48.
Enbridge Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, February 15th will be issued a $0.67 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.98%. Enbridge's dividend payout ratio is 121.76%.
Analysts Set New Price Targets
A number of research analysts recently commented on ENB shares. TD Securities initiated coverage on shares of Enbridge in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. Wells Fargo & Company upgraded shares of Enbridge from an "underweight" rating to an "equal weight" rating in a report on Wednesday, November 6th. Morgan Stanley started coverage on Enbridge in a report on Friday, October 25th. They set an "equal weight" rating for the company. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $63.00 target price (up previously from $59.00) on shares of Enbridge in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Enbridge has a consensus rating of "Hold" and a consensus target price of $63.00.
Read Our Latest Stock Report on Enbridge
About Enbridge
(
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Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
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