Enbridge (TSE:ENB) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$56.85 and traded as high as C$64.45. Enbridge shares last traded at C$63.86, with a volume of 4,787,268 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ENB shares. BMO Capital Markets boosted their price objective on Enbridge from C$59.00 to C$60.00 in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price target on shares of Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Scotiabank raised their price objective on shares of Enbridge from C$57.00 to C$61.00 in a report on Wednesday, December 4th. Barclays boosted their target price on Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. Finally, Wells Fargo & Company upped their price objective on shares of Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Enbridge currently has a consensus rating of "Hold" and a consensus price target of C$62.23.

Enbridge Price Performance

The company has a market cap of C$140.04 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The stock has a fifty day simple moving average of C$61.50 and a two-hundred day simple moving average of C$56.96. The company has a current ratio of 0.76, a quick ratio of 0.44 and a debt-to-equity ratio of 131.26.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last announced its quarterly earnings data on Friday, November 1st. The company reported C$0.55 earnings per share for the quarter, missing analysts' consensus estimates of C$0.56 by C($0.01). Enbridge had a return on equity of 8.57% and a net margin of 13.54%. During the same period last year, the business posted $0.62 EPS. On average, equities analysts predict that Enbridge Inc. will post 3.511912 EPS for the current fiscal year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be paid a $0.9425 dividend. This is a boost from Enbridge's previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a dividend yield of 5.87%. Enbridge's dividend payout ratio (DPR) is 140.77%.

Insiders Place Their Bets

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were 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 company insiders.

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.