Enbridge Inc. (TSE:ENB) Given Average Recommendation of "Hold" by Brokerages

Shares of Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB have been given a consensus recommendation of "Hold" by the ten brokerages that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$55.25.

Several equities research analysts recently commented on ENB shares. National Bankshares increased their price target on Enbridge from C$53.00 to C$57.00 and gave the company a "sector perform" rating in a report on Friday, August 23rd. JPMorgan Chase & Co. raised their price objective on shares of Enbridge from C$57.00 to C$60.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. CIBC raised their price target on shares of Enbridge from C$57.00 to C$59.00 in a report on Monday, July 15th. BMO Capital Markets increased their target price on shares of Enbridge from C$54.00 to C$56.00 in a research note on Thursday, September 5th. Finally, Jefferies Financial Group cut shares of Enbridge from a "buy" rating to a "hold" rating and raised their price target for the company from C$55.00 to C$58.00 in a research report on Monday, September 30th.

Enbridge Stock Up 0.6 %

Shares of TSE ENB traded up C$0.35 during mid-day trading on Monday, reaching C$56.56. 11,672,032 shares of the company were exchanged, compared to its average volume of 8,043,834. The firm has a 50-day moving average of C$54.33 and a 200 day moving average of C$50.91. Enbridge has a 1 year low of C$43.21 and a 1 year high of C$56.59. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26. The stock has a market cap of C$123.30 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 0.75 and a beta of 0.90.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last announced its quarterly earnings data on Friday, August 2nd. The company reported C$0.58 EPS for the quarter, missing the consensus estimate of C$0.62 by C($0.04). The company had revenue of C$11.34 billion during the quarter, compared to analysts' expectations of C$5.86 billion. Enbridge had a net margin of 13.54% and a return on equity of 8.57%. On average, research analysts expect that Enbridge will post 3.0366521 earnings per share for the current year.

Enbridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th were given a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 6.47%. The ex-dividend date of this dividend was Thursday, August 15th. Enbridge's payout ratio is 140.77%.

Insider Buying and Selling at Enbridge

In related news, Senior Officer Maximilian Chan sold 688 shares of Enbridge stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total value of C$37,977.60. In other Enbridge news, Senior Officer Maximilian Chan sold 688 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total value of C$37,977.60. Also, Director Steven Walter Williams purchased 18,600 shares of the business's stock in a transaction on Tuesday, August 13th. The stock was purchased at an average cost of C$53.74 per share, with a total value of C$999,564.00. Company insiders own 0.10% of the company's stock.

About Enbridge

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.