Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$58.64 and traded as high as C$60.64. Enbridge shares last traded at C$60.27, with a volume of 6,044,105 shares trading hands.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on ENB shares. Royal Bank of Canada boosted their price target on shares of Enbridge from C$63.00 to C$67.00 in a report on Tuesday, February 18th. Barclays boosted their price target on shares of Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. Raymond James upped their price objective on shares of Enbridge from C$65.00 to C$67.00 in a report on Tuesday, February 18th. Scotiabank upped their price objective on shares of Enbridge from C$61.00 to C$65.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company upped their price objective on shares of Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Enbridge has an average rating of "Hold" and an average price target of C$63.23.
View Our Latest Research Report on Enbridge
Enbridge Trading Down 2.8 %
The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The firm's 50-day simple moving average is C$62.34 and its 200 day simple moving average is C$58.81. The stock has a market capitalization of C$130.34 billion, a P/E ratio of 19.55, a PEG ratio of 1.72 and a beta of 0.90.
Enbridge Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st were given a $0.9425 dividend. The ex-dividend date was Friday, February 14th. This is a boost from Enbridge's previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 6.27%. Enbridge's payout ratio is 118.98%.
Insiders Place Their Bets
In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the business'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. 0.10% of the stock is owned by company 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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