Enbridge Inc. (TSE:ENB) Given Consensus Rating of "Hold" by Brokerages

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB has received an average rating of "Hold" from the twelve brokerages that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$64.14.

Several equities analysts have recently weighed in on ENB shares. Jefferies Financial Group lifted their price objective on Enbridge from C$59.00 to C$65.00 in a report on Thursday, January 30th. TD Securities lifted their price target on shares of Enbridge from C$66.00 to C$67.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Citigroup set a C$75.00 price objective on shares of Enbridge and gave the stock a "buy" rating in a research report on Friday, April 4th. Scotiabank raised their price objective on shares of Enbridge from C$61.00 to C$65.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Finally, Barclays upped their target price on shares of Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th.

Enbridge Trading Up 2.7 %

ENB stock traded up C$1.59 during midday trading on Monday, hitting C$60.05. 6,926,376 shares of the company's stock were exchanged, compared to its average volume of 8,737,334. Enbridge has a one year low of C$45.39 and a one year high of C$65.62. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The company has a market cap of C$130.14 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The stock's fifty day moving average price is C$61.64 and its 200-day moving average price is C$60.36.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st were given a dividend of $0.9425 per share. This is a positive change from Enbridge's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.77 annualized dividend and a dividend yield of 6.28%. Enbridge's payout ratio is 118.98%.

Insider Transactions at Enbridge

In other Enbridge news, Senior Officer Michele Eva Harradence bought 5,857 shares of Enbridge stock in a transaction dated Wednesday, March 19th. The stock was bought at an average cost of C$62.53 per share, for a total transaction of C$366,238.21. Also, Senior Officer Matthew Allan Akman purchased 1,000 shares of the business'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. Company insiders own 0.10% of the company's stock.

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.