Enbridge Inc. (NYSE:ENB) Receives $67.00 Consensus PT from Analysts

Enbridge Inc. (NYSE:ENB - Get Free Report) TSE: ENB has been assigned an average rating of "Hold" from the nine analysts that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $67.00.

Several research firms recently weighed in on ENB. Wall Street Zen raised Enbridge from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Citigroup began coverage on Enbridge in a research note on Friday, April 4th. They issued a "buy" rating on the stock. National Bankshares reaffirmed a "sector perform" rating on shares of Enbridge in a research note on Monday, May 12th. Raymond James raised Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $67.00 price objective on shares of Enbridge in a research note on Monday, May 12th.

Institutional Investors Weigh In On Enbridge

Hedge funds have recently added to or reduced their stakes in the business. Dagco Inc. bought a new stake in shares of Enbridge during the first quarter valued at approximately $25,000. Garde Capital Inc. bought a new stake in shares of Enbridge during the first quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Enbridge during the first quarter valued at approximately $28,000. Accent Capital Management LLC bought a new stake in shares of Enbridge during the first quarter valued at approximately $30,000. Finally, Wintrust Investments LLC grew its holdings in Enbridge by 47.8% during the fourth quarter. Wintrust Investments LLC now owns 736 shares of the pipeline company's stock worth $31,000 after buying an additional 238 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors.

Enbridge Price Performance

Shares of ENB traded down $0.04 during trading hours on Friday, hitting $46.02. 5,138,547 shares of the company were exchanged, compared to its average volume of 4,066,751. The company has a market cap of $100.33 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 3.92 and a beta of 0.84. Enbridge has a fifty-two week low of $34.60 and a fifty-two week high of $47.08. The company has a quick ratio of 0.54, a current ratio of 0.55 and a debt-to-equity ratio of 1.50. The firm's fifty day moving average is $44.78 and its 200 day moving average is $43.64.

Enbridge (NYSE:ENB - Get Free Report) TSE: ENB last released its earnings results on Friday, May 9th. The pipeline company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. The company had revenue of $7.27 billion for the quarter, compared to analyst estimates of $10.20 billion. Enbridge had a return on equity of 10.16% and a net margin of 10.04%. During the same period in the prior year, the firm posted $0.92 EPS. On average, equities analysts anticipate that Enbridge will post 2.14 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be given a dividend of $0.679 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.90%. This is an increase from Enbridge's previous quarterly dividend of $0.67. The ex-dividend date is Thursday, May 15th. Enbridge's dividend payout ratio (DPR) is 139.69%.

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.