Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$54.31 and traded as high as C$60.09. Enbridge shares last traded at C$60.07, with a volume of 4,760,211 shares traded.
Analyst Ratings Changes
ENB has been the topic of a number of research reports. Raymond James increased their price objective on Enbridge from C$59.00 to C$63.00 in a report on Tuesday, November 26th. Morgan Stanley set a C$64.00 price target on shares of Enbridge and gave the stock an "equal weight" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on shares of Enbridge from C$66.00 to C$69.00 in a research note on Thursday, December 5th. Wells Fargo & Company raised their target price on shares of Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. Finally, BMO Capital Markets upped their price target on shares of Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of C$60.31.
Check Out Our Latest Research Report on Enbridge
Enbridge Trading Up 0.0 %
The firm has a market capitalization of C$131.00 billion, a PE ratio of 23.11, a P/E/G ratio of 1.72 and a beta of 0.90. The company's fifty day simple moving average is C$58.89 and its 200-day simple moving average is C$54.35. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44.
Enbridge Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be issued a $0.9425 dividend. This represents a $3.77 annualized dividend and a yield of 6.27%. This is a boost from Enbridge's previous quarterly dividend of $0.92. Enbridge's payout ratio is presently 140.77%.
Insider Activity
In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total value of C$66,293.64. Company insiders own 0.10% of the company's stock.
Enbridge Company Profile
(
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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