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

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB has been given an average recommendation of "Hold" by the twelve brokerages that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$64.14.

ENB has been the topic of several recent analyst reports. CIBC lifted their target price on Enbridge from C$66.00 to C$67.00 in a research note on Wednesday, March 5th. Barclays upped their price objective on shares of Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. Jefferies Financial Group raised their target price on shares of Enbridge from C$59.00 to C$65.00 in a research note on Thursday, January 30th. Raymond James upped their price target on shares of Enbridge from C$65.00 to C$67.00 in a research note on Tuesday, February 18th. Finally, 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.

Insider Activity

In other Enbridge news, Senior Officer Matthew Allan Akman bought 1,000 shares of the stock in a transaction on Friday, March 14th. The shares were bought at an average price of C$61.24 per share, with a total value of C$61,240.00. Also, Senior Officer Michele Eva Harradence purchased 5,857 shares of Enbridge stock in a transaction dated Wednesday, March 19th. The stock was bought at an average cost of C$62.53 per share, with a total value of C$366,238.21. 0.10% of the stock is owned by company insiders.

Enbridge Stock Performance

Shares of TSE:ENB traded up C$0.73 during trading hours on Monday, hitting C$61.78. The stock had a trading volume of 495,642 shares, compared to its average volume of 8,574,144. 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 stock's fifty day simple moving average is C$61.61 and its 200 day simple moving average is C$60.36. The firm has a market capitalization of C$133.89 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a 1-year low of C$45.39 and a 1-year high of C$65.62.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st were issued a $0.9425 dividend. This represents a $3.77 annualized dividend and a dividend yield of 6.10%. This is a boost from Enbridge's previous quarterly dividend of $0.92. The ex-dividend date was Friday, February 14th. Enbridge's dividend payout ratio (DPR) is presently 118.98%.

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.