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

Shares of Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB have received an average rating of "Hold" from the eleven analysts 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 issued a report on the stock in the last year is C$63.23.

A number of brokerages recently issued reports on ENB. Raymond James lifted their price target on shares of Enbridge from C$65.00 to C$67.00 in a research report on Tuesday. Scotiabank lifted their price target on shares of Enbridge from C$61.00 to C$65.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. BMO Capital Markets lifted their price target on shares of Enbridge from C$59.00 to C$60.00 in a research report on Wednesday, December 4th. Morgan Stanley set a C$64.00 price target on shares of Enbridge and gave the company an "equal weight" rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th.

Enbridge Trading Down 0.0 %

Shares of TSE:ENB traded down C$0.01 on Friday, hitting C$59.45. The company had a trading volume of 10,803,839 shares, compared to its average volume of 10,191,566. The firm's 50-day simple moving average is C$62.19 and its two-hundred day simple moving average is C$58.38. Enbridge has a 1 year low of C$45.39 and a 1 year high of C$65.62. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The firm has a market capitalization of C$128.84 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.72 and a beta of 0.90.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st will be paid a $0.9425 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from Enbridge's previous quarterly dividend of $0.92. This represents a $3.77 dividend on an annualized basis and a dividend yield of 6.34%. Enbridge's payout ratio is currently 118.98%.

Insider Transactions at Enbridge

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge 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 value of C$66,293.64. Company insiders own 0.10% of the company's stock.

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.