Enbridge Inc. (TSE:ENB) Senior Officer Michele Eva Harradence Acquires 5,857 Shares

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB Senior Officer Michele Eva Harradence purchased 5,857 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average price of C$62.53 per share, for a total transaction of C$366,238.21.

Enbridge Stock Performance

Shares of ENB stock traded up C$0.44 during trading on Monday, hitting C$63.38. The company's stock had a trading volume of 4,664,084 shares, compared to its average volume of 9,538,891. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. The company has a market cap of C$137.36 billion, a PE ratio of 20.60, a P/E/G ratio of 1.72 and a beta of 0.90. The business has a fifty day moving average of C$62.37 and a 200-day moving average of C$59.66. Enbridge Inc. has a 52 week low of C$45.39 and a 52 week high of C$65.62.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st were given a dividend of $0.9425 per share. 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 annualized dividend and a dividend yield of 5.95%. Enbridge's dividend payout ratio (DPR) is currently 118.98%.

Analyst Upgrades and Downgrades

ENB has been the subject of a number of recent research reports. BMO Capital Markets upped their target price on Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Royal Bank of Canada boosted their target price on shares of Enbridge from C$63.00 to C$67.00 in a report on Tuesday, February 18th. Raymond James raised their price target on shares of Enbridge from C$65.00 to C$67.00 in a research note on Tuesday, February 18th. TD Securities lifted their price objective on Enbridge from C$66.00 to C$67.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, CIBC upped their price objective on shares of Enbridge from C$66.00 to C$67.00 in a research note on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of C$63.31.

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Enbridge Company Profile

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.