Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB's share price reached a new 52-week high on Thursday . The stock traded as high as C$63.40 and last traded at C$63.30, with a volume of 5970969 shares changing hands. The stock had previously closed at C$62.70.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ENB. Raymond James boosted their target price on Enbridge from C$59.00 to C$63.00 in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their price objective on Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. BMO Capital Markets raised their target price on Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Jefferies Financial Group lowered shares of Enbridge from a "buy" rating to a "hold" rating and boosted their price target for the stock from C$55.00 to C$58.00 in a research note on Monday, September 30th. Finally, CIBC lifted their price objective on shares of Enbridge from C$63.00 to C$66.00 and gave the company an "outperform" rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$61.33.
Check Out Our Latest Research Report on ENB
Enbridge Stock Performance
The stock has a market cap of C$137.32 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The stock has a fifty day moving average of C$60.00 and a 200-day moving average of C$55.44. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26.
Enbridge Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be paid a dividend of $0.9425 per share. This represents a $3.77 annualized dividend and a dividend yield of 5.99%. This is a boost from Enbridge's previous quarterly dividend of $0.92. Enbridge's dividend payout ratio is 140.77%.
Insider Activity at Enbridge
In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the 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 transaction of C$66,293.64. 0.10% of the stock is currently owned by 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.
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