Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB 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 value of C$66,293.64.
Enbridge Stock Performance
ENB traded up C$0.02 on Tuesday, reaching C$60.09. The company had a trading volume of 1,202,933 shares, compared to its average volume of 8,448,366. Enbridge Inc. has a fifty-two week low of C$45.05 and a fifty-two week high of C$61.99. The stock has a market cap of C$131.00 billion, a P/E ratio of 23.11, a P/E/G ratio of 1.72 and a beta of 0.90. The company's fifty day moving average is C$58.89 and its 200 day moving average is C$54.35. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76.
Enbridge Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be issued a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a yield of 6.27%. This is an increase from Enbridge's previous quarterly dividend of $0.92. Enbridge's payout ratio is currently 140.77%.
Analysts Set New Price Targets
ENB has been the subject of a number of research analyst reports. Jefferies Financial Group cut shares of Enbridge from a "buy" rating to a "hold" rating and lifted their target price for the company from C$55.00 to C$58.00 in a research note on Monday, September 30th. CIBC boosted their price objective on Enbridge from C$61.00 to C$63.00 in a report on Wednesday, December 4th. Royal Bank of Canada raised their price objective on shares of Enbridge from C$59.00 to C$63.00 in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their price objective on Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Finally, Barclays raised their price target on Enbridge from C$54.00 to C$59.00 in a research report on Monday, November 11th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of C$60.31.
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Enbridge Company Profile
(
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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.
Further Reading
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