Enbridge Inc. (TSE:ENB) Stock Has Average Target Price of C$77.62 According to Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Enbridge, with seven buy, two strong-buy, and four hold ratings. The average 12-month price target is C$77.62, versus a recent share price of C$66.14.
• Enbridge reported quarterly EPS of C$0.63 on C$29.32 billion in revenue, with a 10.01% return on equity and a 7.28% net margin.
• The company pays an annualized dividend of $3.88 per share, representing a 5.9% yield. Insiders also recently purchased shares, including acquisitions by an insider and a director totaling nearly C$953,000.

Shares of Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB have received a consensus rating of "Moderate Buy" from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$77.62.

Several equities analysts have recently issued reports on ENB shares. Raymond James Financial boosted their price target on shares of Enbridge from C$79.00 to C$80.00 and gave the company a "market perform" rating in a report on Tuesday, September 15th. Scotiabank upgraded Enbridge to a "strong-buy" rating in a report on Thursday, September 17th. National Bank Financial raised Enbridge from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from C$81.00 to C$82.00 in a research note on Tuesday, September 15th. The Goldman Sachs Group upgraded Enbridge to a "hold" rating in a report on Wednesday, September 30th. Finally, TD raised Enbridge from a "hold" rating to a "buy" rating and dropped their price target for the stock from C$82.00 to C$81.00 in a research report on Tuesday, September 15th.

Enbridge Stock Up 1.1%

TSE:ENB opened at C$66.14 on Friday. Enbridge has a 12-month low of C$62.42 and a 12-month high of C$80.65. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 171.59. The firm has a market capitalization of C$147.42 billion, a P/E ratio of 25.54, a P/E/G ratio of 1.72 and a beta of 0.72. The stock's fifty day simple moving average is C$69.17 and its 200-day simple moving average is C$73.90.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last released its quarterly earnings data on Friday, July 31st. The company reported C$0.63 EPS for the quarter. Enbridge had a return on equity of 10.01% and a net margin of 7.28%.The business had revenue of C$29.32 billion during the quarter. Equities research analysts expect that Enbridge will post 3.511912 earnings per share for the current year.

Enbridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, September 1st were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.88 annualized dividend and a dividend yield of 5.9%. Enbridge's dividend payout ratio is currently 147.68%.

Insiders Place Their Bets

In related news, insider Michele Eva Harradence acquired 7,105 shares of the company's stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average cost of C$67.28 per share, for a total transaction of C$478,024.40. Following the completion of the acquisition, the insider directly owned 87,467 shares in the company, valued at approximately C$5,884,779.76. The trade was a 8.84% increase in their position. Also, Director Gregory Lorne Ebel acquired 7,105 shares of the business's stock in a transaction that occurred on Monday, September 14th. The stock was bought at an average cost of C$66.85 per share, for a total transaction of C$474,969.25. Following the completion of the transaction, the director directly owned 589,721 shares in the company, valued at C$39,422,848.85. This represents a 1.22% increase in their position. Company insiders own 0.10% of the company's stock.

About Enbridge

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.

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