Enbridge Inc. (TSE:ENB) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB have earned an average rating of "Moderate Buy" from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$66.00.

Several analysts have issued reports on ENB shares. TD Securities lifted their price target on Enbridge from C$66.00 to C$67.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Echelon Wealth Partners lifted their target price on Enbridge from C$67.00 to C$74.00 in a research report on Wednesday, April 23rd. Raymond James raised Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Scotiabank lifted their target price on Enbridge from C$61.00 to C$65.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Finally, Citigroup set a C$75.00 target price on Enbridge and gave the company a "buy" rating in a research report on Friday, April 4th.

Enbridge Stock Up 0.3%

Shares of ENB traded up C$0.18 during midday trading on Tuesday, hitting C$63.50. The stock had a trading volume of 9,172,541 shares, compared to its average volume of 9,177,132. The company has a 50 day simple moving average of C$62.75 and a two-hundred day simple moving average of C$61.94. Enbridge has a twelve month low of C$47.41 and a twelve month high of C$65.62. The firm has a market cap of C$137.62 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44.

Enbridge Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Sunday, June 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 5.94%. The ex-dividend date of this dividend is Thursday, May 15th. Enbridge's payout ratio is currently 118.98%.

Insider Buying and Selling

In related news, Senior Officer Maximilian Chan sold 801 shares of Enbridge stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of C$63.17, for a total transaction of C$50,599.17. Also, Senior Officer Michele Eva Harradence purchased 5,857 shares of Enbridge stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average price of C$62.53 per share, with a total value of C$366,238.21. 0.10% of the stock is currently owned by corporate insiders.

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.