Enbridge (TSE:ENB - Free Report) NYSE: ENB had its target price lifted by Raymond James from C$65.00 to C$67.00 in a research note released on Tuesday,BayStreet.CA reports.
ENB has been the subject of several other reports. Wells Fargo & Company upped their target price on shares of Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Scotiabank upped their price objective on shares of Enbridge from C$61.00 to C$65.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. CIBC lifted their target price on Enbridge from C$63.00 to C$66.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Barclays increased their price target on Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. Finally, Jefferies Financial Group lifted their price objective on Enbridge from C$59.00 to C$65.00 in a report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of C$63.23.
Read Our Latest Analysis on ENB
Enbridge Stock Down 0.0 %
Shares of TSE ENB traded down C$0.01 on Tuesday, hitting C$59.45. The company had a trading volume of 10,803,839 shares, compared to its average volume of 10,191,566. The firm has a market capitalization of C$128.84 billion, a P/E ratio of 19.33, a PEG ratio of 1.72 and a beta of 0.90. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. Enbridge has a 12-month low of C$45.39 and a 12-month high of C$65.62. The business has a 50 day moving average of C$62.19 and a two-hundred day moving average of C$58.44.
Enbridge Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, March 1st will be given a $0.9425 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Enbridge's previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 6.34%. Enbridge's dividend payout ratio (DPR) is currently 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 that occurred 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. 0.10% of the stock is owned by company insiders.
About Enbridge
(
Get Free Report)
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.
Recommended Stories
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's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
