Enbridge Inc. (TSE:ENB) Senior Officer Purchases C$366,238.21 in Stock

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB Senior Officer Michele Eva Harradence acquired 5,857 shares of the stock in a transaction on Wednesday, March 19th. The shares were acquired at an average price of C$62.53 per share, with a total value of C$366,238.21.

Enbridge Stock Up 0.1 %

ENB stock traded up C$0.06 during trading on Tuesday, reaching C$63.44. 3,339,009 shares of the company traded hands, compared to its average volume of 9,431,996. The company has a market capitalization of C$137.49 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. 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 business has a 50 day simple moving average of C$62.37 and a 200 day simple moving average of C$59.66. Enbridge Inc. has a 12 month low of C$45.39 and a 12 month high of C$65.62.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Saturday, March 1st were given a dividend of $0.9425 per share. This is a positive change from Enbridge's previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend was Friday, February 14th. Enbridge's dividend payout ratio is currently 118.98%.

Wall Street Analyst Weigh In

ENB has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th. Jefferies Financial Group boosted their price objective on shares of Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th. Barclays raised their target price on shares of Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. TD Securities lifted their price target on shares of 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, Scotiabank increased 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 research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Enbridge has an average rating of "Hold" and an average target price of C$63.31.

About Enbridge

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.