Enbridge Inc. (TSE:ENB) Receives C$62.54 Average PT from Analysts

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$63.23.

A number of research firms have weighed in on ENB. TD Securities raised their price objective on shares of Enbridge from C$66.00 to C$67.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Raymond James increased their target price on shares of Enbridge from C$65.00 to C$67.00 in a report on Tuesday, February 18th. Scotiabank increased their target price on shares of Enbridge from C$61.00 to C$65.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. CIBC increased their target price on shares of Enbridge from C$63.00 to C$66.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Finally, Royal Bank of Canada increased their target price on shares of Enbridge from C$63.00 to C$67.00 in a report on Tuesday, February 18th.

Insider Buying and Selling

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total transaction of C$66,293.64. 0.10% of the stock is currently owned by corporate insiders.

Enbridge Stock Down 0.0 %

Enbridge stock opened at C$59.45 on Friday. Enbridge has a 1-year low of C$45.39 and a 1-year high of C$65.62. The firm has a market capitalization of C$128.84 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The firm’s fifty day moving average price is C$62.19 and its two-hundred day moving average price is C$58.48. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, March 1st will be issued a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date is Friday, February 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio (DPR) is 118.98%.

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.