Enbridge (TSE:ENB - Free Report) NYSE: ENB had its price objective raised by Scotiabank from C$61.00 to C$65.00 in a research note published on Thursday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.
A number of other equities research analysts also recently issued reports on the stock. Morgan Stanley set a C$64.00 price target on shares of Enbridge and gave the company an "equal weight" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th. Jefferies Financial Group lifted their target price on Enbridge from C$59.00 to C$65.00 in a report on Thursday, January 30th. Barclays boosted their target price on Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada increased their price objective on shares of Enbridge from C$59.00 to C$63.00 in a research report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$62.54.
Read Our Latest Stock Analysis on ENB
Enbridge Price Performance
Shares of TSE:ENB traded down C$3.54 during midday trading on Thursday, reaching C$61.08. 19,160,421 shares of the company were exchanged, compared to its average volume of 9,366,779. The stock has a market cap of C$132.37 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The business's fifty day moving average is C$62.16 and its two-hundred day moving average is C$58.23. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. Enbridge has a one year low of C$45.08 and a one year high of C$65.62.
Enbridge Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st will be issued a $0.9425 dividend. This is a boost from Enbridge's previous quarterly dividend of $0.92. This represents a $3.77 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date is Friday, February 14th. Enbridge's dividend payout ratio (DPR) is currently 118.98%.
Insider Buying and Selling
In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the firm's stock in a transaction 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. 0.10% of the stock is currently owned by company insiders.
About Enbridge
(
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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.
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