Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB has earned an average recommendation of "Hold" from the eleven ratings firms that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$58.31.
A number of analysts recently weighed in on the company. Royal Bank of Canada boosted their target price on Enbridge from C$55.00 to C$59.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. Barclays boosted their target price on Enbridge from C$54.00 to C$59.00 in a research report on Monday, November 11th. Jefferies Financial Group downgraded Enbridge from a "buy" rating to a "hold" rating and boosted their price objective for the company from C$55.00 to C$58.00 in a research report on Monday, September 30th. Raymond James boosted their price objective on Enbridge from C$59.00 to C$63.00 in a research report on Tuesday, November 26th. Finally, National Bankshares boosted their price objective on Enbridge from C$53.00 to C$57.00 and gave the company a "sector perform" rating in a research report on Friday, August 23rd.
View Our Latest Stock Report on ENB
Insider Activity at Enbridge
In other Enbridge news, Senior Officer Maximilian Chan sold 688 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$55.20, for a total value of C$37,977.60. 0.10% of the stock is currently owned by insiders.
Enbridge Price Performance
Shares of TSE ENB traded up C$0.23 during midday trading on Tuesday, hitting C$61.18. 6,464,323 shares of the company's stock were exchanged, compared to its average volume of 8,475,705. Enbridge has a 12-month low of C$45.05 and a 12-month high of C$61.66. The company has a current ratio of 0.76, a quick ratio of 0.44 and a debt-to-equity ratio of 131.26. The company has a market cap of C$133.37 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.72 and a beta of 0.90. The business's fifty day moving average price is C$57.39 and its two-hundred day moving average price is C$53.24.
Enbridge Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be given a dividend of $0.9425 per share. This is a boost from Enbridge's previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a dividend yield of 6.16%. Enbridge's dividend payout ratio (DPR) is 140.77%.
Enbridge Company Profile
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Get Free ReportEnbridge 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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