Enbridge (TSE:ENB) Hits New 12-Month Low - Should You Sell?

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th. Royal Bank of Canada boosted their target price on Enbridge from C$63.00 to C$67.00 in a research report on Tuesday, February 18th. CIBC boosted their target price on Enbridge from C$66.00 to C$67.00 in a research report on Wednesday. Jefferies Financial Group boosted their target price on Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th. Finally, 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. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$63.31.

Enbridge Price Performance

The stock has a market capitalization of C$130.86 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a 50 day moving average of C$62.35 and a 200 day moving average of C$58.98. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86.

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Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Saturday, March 1st were paid a $0.9425 dividend. This is a positive change from Enbridge's previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 6.24%. The ex-dividend date was Friday, February 14th. Enbridge's dividend payout ratio is presently 118.98%.

Insider Activity at Enbridge

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the company'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. 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.