Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$60.36 and traded as high as C$61.17. Enbridge shares last traded at C$61.05, with a volume of 5,343,315 shares.
Analysts Set New Price Targets
A number of equities analysts have issued reports on ENB shares. Royal Bank of Canada increased their price target on Enbridge from C$63.00 to C$67.00 in a report on Tuesday, February 18th. TD Securities upped their price objective on shares of Enbridge from C$66.00 to C$67.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Barclays raised their target price on Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. Jefferies Financial Group upped their price target on Enbridge from C$59.00 to C$65.00 in a research note on Thursday, January 30th. Finally, Citigroup set a C$75.00 price objective on Enbridge and gave the company a "buy" rating in a report on Friday, April 4th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of C$64.14.
Read Our Latest Stock Analysis on Enbridge
Enbridge Stock Performance
The firm has a market cap of C$136.14 billion, a PE ratio of 20.42, a PEG ratio of 1.72 and a beta of 0.90. 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 company has a 50-day simple moving average of C$61.48 and a two-hundred day simple moving average of C$60.60.
Enbridge Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st were given a $0.9425 dividend. The ex-dividend date of this dividend 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 dividend yield of 6.00%. Enbridge's payout ratio is 118.98%.
Insider Buying and Selling
In other news, Senior Officer Matthew Allan Akman bought 1,000 shares of the stock in a transaction on Friday, March 14th. The shares were acquired at an average cost of C$61.24 per share, for a total transaction of C$61,240.00. Also, Senior Officer Michele Eva Harradence purchased 5,857 shares of Enbridge stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average price of C$62.53 per share, with a total value of C$366,238.21. 0.10% of the stock is currently owned by insiders.
Enbridge Company Profile
(
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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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