Enbridge (TSE:ENB) Sets New 12-Month Low - What's Next?

Shares of Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB hit a new 52-week low on Monday . The company traded as low as C$0.01 and last traded at C$62.31, with a volume of 1311318 shares changing hands. The stock had previously closed at C$61.81.

Analysts Set New Price Targets

ENB has been the subject of several analyst reports. Jefferies Financial Group upped their target price on Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on Enbridge from C$66.00 to C$69.00 in a research note on Thursday, December 5th. CIBC increased their target price on shares of Enbridge from C$66.00 to C$67.00 in a report on Wednesday. TD Securities upped their price objective on Enbridge from C$66.00 to C$67.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada raised their target price on Enbridge from C$63.00 to C$67.00 in a research note on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of C$63.31.

Enbridge Trading Up 1.7 %

The business has a 50 day simple moving average of C$62.35 and a 200-day simple moving average of C$58.90. The stock has a market capitalization of C$131.14 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44.

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Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st were paid a dividend of $0.9425 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Enbridge's previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 6.23%. Enbridge's dividend payout ratio is presently 118.98%.

Insider Buying and Selling at Enbridge

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total transaction 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.