Enbridge Inc. (TSE:ENB) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB have been given an average rating of "Hold" by the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$63.23.

A number of equities research analysts recently weighed in on ENB shares. Royal Bank of Canada lifted their price objective on shares of Enbridge from C$63.00 to C$67.00 in a research note on Tuesday. Barclays boosted their price target on shares of Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. Jefferies Financial Group increased their price objective on shares of Enbridge from C$59.00 to C$65.00 in a report on Thursday, January 30th. Morgan Stanley set a C$64.00 target price on Enbridge and gave the stock an "equal weight" rating in a report on Friday, October 25th. Finally, Raymond James boosted their price target on shares of Enbridge from C$65.00 to C$67.00 in a research report on Tuesday.

Insider Activity

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total transaction of C$66,293.64. 0.10% of the stock is currently owned by corporate insiders.

Enbridge Stock Performance

Enbridge stock traded down C$0.45 during mid-day trading on Friday, hitting C$60.19. 10,108,978 shares of the company's stock traded hands, compared to its average volume of 9,805,357. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. Enbridge has a one year low of C$45.39 and a one year high of C$65.62. The firm has a 50 day moving average price of C$62.19 and a 200 day moving average price of C$58.26. The company has a market cap of C$130.44 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st will be issued a $0.9425 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.77 dividend on an annualized basis and a dividend yield of 6.26%. This is a positive change from Enbridge's previous quarterly dividend of $0.92. Enbridge's dividend payout ratio is presently 118.98%.

About Enbridge

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.