Enbridge Inc. (TSE:ENB) Receives Consensus Rating of "Hold" from Analysts

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB has been given an average recommendation of "Hold" by the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$63.31.

ENB has been the subject of a number of research reports. CIBC upped their target price on shares of Enbridge from C$66.00 to C$67.00 in a report on Wednesday, March 5th. Raymond James upped their price objective on Enbridge from C$65.00 to C$67.00 in a research note on Tuesday, February 18th. Scotiabank lifted their target price on Enbridge from C$61.00 to C$65.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. TD Securities lifted their price objective on shares of Enbridge from C$66.00 to C$67.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Barclays increased their price target on shares of Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th.

Enbridge Stock Performance

Shares of Enbridge stock opened at C$61.25 on Thursday. The stock has a market capitalization of C$132.74 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.72 and a beta of 0.90. The firm's fifty day simple moving average is C$62.38 and its 200-day simple moving average is C$59.11. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44. Enbridge has a 12 month low of C$45.39 and a 12 month high of C$65.62.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st were given a $0.9425 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.77 dividend on an annualized basis and a dividend yield of 6.16%. This is a boost from Enbridge's previous quarterly dividend of $0.92. Enbridge's dividend payout ratio (DPR) is currently 118.98%.

Insider Transactions at Enbridge

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total transaction of C$66,293.64. Corporate 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.

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