Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$60.00 and traded as high as C$63.90. Enbridge shares last traded at C$63.78, with a volume of 5,278,995 shares traded.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Royal Bank of Canada boosted their price objective on Enbridge from C$63.00 to C$67.00 in a report on Tuesday, February 18th. Barclays boosted their price target on Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. CIBC raised their price objective on shares of Enbridge from C$66.00 to C$67.00 in a research note on Wednesday, March 5th. Raymond James boosted their target price on shares of Enbridge from C$65.00 to C$67.00 in a research note on Tuesday, February 18th. Finally, Scotiabank raised their price target 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. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of C$64.14.
Get Our Latest Research Report on Enbridge
Enbridge Price Performance
The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The stock has a market capitalization of C$133.80 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The stock's 50 day moving average is C$62.27 and its two-hundred day moving average is C$60.24.
Enbridge Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st were paid a $0.9425 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Enbridge's previous quarterly dividend of $0.92. This represents a $3.77 dividend on an annualized basis and a dividend yield of 6.11%. Enbridge's payout ratio is currently 118.98%.
Insider Buying and Selling
In other Enbridge news, Senior Officer Matthew Allan Akman acquired 1,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average price of C$61.24 per share, with a total value of C$61,240.00. Also, Senior Officer Michele Eva Harradence bought 5,857 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was acquired at an average cost of C$62.53 per share, for a total transaction of C$366,238.21. 0.10% of the stock is owned by company insiders.
About Enbridge
(
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Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company.
Further Reading
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