Enbridge (TSE:ENB) Hits New 12-Month High - Should You Buy?

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB's stock price reached a new 52-week high on Tuesday . The company traded as high as C$64.68 and last traded at C$64.57, with a volume of 200917 shares traded. The stock had previously closed at C$63.93.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. BMO Capital Markets boosted their target price on Enbridge from C$59.00 to C$60.00 in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on shares of Enbridge from C$57.00 to C$60.00 in a research report on Thursday, December 5th. CIBC raised their target price on shares of Enbridge from C$63.00 to C$66.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. Barclays lifted their target price on shares of Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. Finally, Morgan Stanley set a C$64.00 price objective on shares of Enbridge and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Enbridge currently has a consensus rating of "Hold" and an average price target of C$61.69.

Enbridge Price Performance

The company has a market capitalization of C$141.72 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a fifty day simple moving average of C$60.84 and a two-hundred day simple moving average of C$56.25. 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 (TSE:ENB - Get Free Report) NYSE: ENB last released its earnings results on Friday, November 1st. The company reported C$0.55 EPS for the quarter, missing the consensus estimate of C$0.56 by C($0.01). Enbridge had a net margin of 13.54% and a return on equity of 8.57%. During the same period last year, the business earned $0.62 earnings per share. As a group, research analysts anticipate that Enbridge Inc. will post 3.511912 earnings per share for the current year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.9425 per share. This is a positive change from Enbridge's previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a dividend yield of 5.80%. Enbridge's dividend payout ratio is presently 140.77%.

Insider Buying and Selling

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total transaction of C$66,293.64. Corporate 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.