Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB Senior Officer Matthew Allan Akman bought 1,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of C$61.24 per share, for a total transaction of C$61,240.00.
Enbridge Trading Down 0.6 %
TSE:ENB traded down C$0.36 during mid-day trading on Friday, hitting C$62.94. 10,702,385 shares of the stock traded hands, compared to its average volume of 9,625,941. 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 stock has a market capitalization of C$136.40 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.72 and a beta of 0.90. Enbridge Inc. has a 52 week low of C$45.39 and a 52 week high of C$65.62. The firm's 50 day moving average is C$62.35 and its two-hundred day moving average is C$59.48.
Enbridge Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st were issued a $0.9425 dividend. This represents a $3.77 annualized dividend and a dividend yield of 5.99%. This is an increase from Enbridge's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Friday, February 14th. Enbridge's dividend payout ratio is presently 118.98%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on ENB. Scotiabank upped their target price on shares of 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 boosted their price objective on Enbridge from C$66.00 to C$67.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Royal Bank of Canada upped their target price on shares of Enbridge from C$63.00 to C$67.00 in a research report on Tuesday, February 18th. Finally, CIBC lifted their price objective on Enbridge from C$66.00 to C$67.00 in a research note on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of C$63.31.
Check Out Our Latest Stock Analysis on Enbridge
About Enbridge
(
Get Free Report)
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.
Further Reading
Before you consider Enbridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.
While Enbridge currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
