Enbridge Inc. Declares Quarterly Dividend of $0.92 (TSE:ENB)

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB announced a quarterly dividend on Wednesday, October 30th, RTT News reports. Investors of record on Friday, November 15th will be paid a dividend of 0.915 per share on Sunday, December 1st. This represents a $3.66 dividend on an annualized basis and a yield of 6.48%.

Enbridge Stock Up 0.3 %

Shares of ENB stock traded up C$0.19 during mid-day trading on Wednesday, hitting C$56.44. 1,411,037 shares of the stock traded hands, compared to its average volume of 7,966,498. The stock's fifty day moving average is C$55.29 and its two-hundred day moving average is C$51.65. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44. Enbridge has a 52-week low of C$43.94 and a 52-week high of C$58.28. The stock has a market cap of C$123.04 billion, a P/E ratio of 21.63, a P/E/G ratio of 1.72 and a beta of 0.90.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last released its quarterly earnings results on Friday, August 2nd. The company reported C$0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.62 by C($0.04). The firm had revenue of C$11.34 billion during the quarter, compared to analysts' expectations of C$5.86 billion. Enbridge had a return on equity of 8.57% and a net margin of 13.54%. Equities analysts predict that Enbridge will post 3.511912 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ENB shares. Raymond James raised their price target on Enbridge from C$54.00 to C$59.00 in a report on Tuesday, October 22nd. CIBC upped their price target on shares of Enbridge from C$57.00 to C$59.00 in a research note on Monday, July 15th. Morgan Stanley set a C$64.00 price objective on shares of Enbridge and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Royal Bank of Canada raised their target price on Enbridge from C$55.00 to C$59.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group lowered Enbridge from a "buy" rating to a "hold" rating and increased their price objective for the company from C$55.00 to C$58.00 in a report on Monday, September 30th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$56.31.

Insider Transactions at Enbridge

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

Enbridge Company Profile

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.