Enbridge Inc. (TSE:ENB) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Enbridge has an average analyst recommendation of Moderate Buy from 11 analysts (six hold, four buy, one strong buy) with an average 12‑month target of C$73.58.
• Analyst opinions are mixed: several firms raised targets into the C$75–78 range (e.g., Raymond James C$77, ATB Cormark C$78, Scotiabank C$77) while JPMorgan cut to neutral and lowered its target to C$69.
• Enbridge increased its quarterly dividend to $0.97 (annualized C$3.88), implying a yield of about 5.4%, but the payout ratio is high at 117%.

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB has earned an average recommendation of "Moderate Buy" from the eleven analysts that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$73.58.

ENB has been the topic of a number of recent analyst reports. TD Securities cut shares of Enbridge from a "buy" rating to a "hold" rating and lifted their price objective for the company from C$70.00 to C$72.00 in a research note on Tuesday, February 17th. Raymond James Financial increased their target price on shares of Enbridge from C$75.00 to C$77.00 and gave the company a "moderate buy" rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. cut shares of Enbridge from an "overweight" rating to a "neutral" rating and lowered their target price for the company from C$74.00 to C$69.00 in a research note on Tuesday, January 27th. ATB Cormark Capital Markets upped their price target on shares of Enbridge from C$72.00 to C$78.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 17th. Finally, Scotiabank increased their price objective on shares of Enbridge from C$73.00 to C$77.00 and gave the company an "outperform" rating in a report on Tuesday, February 17th.

Enbridge Stock Performance

Shares of TSE ENB opened at C$71.99 on Friday. Enbridge has a 12-month low of C$59.68 and a 12-month high of C$77.18. The company has a market cap of C$157.11 billion, a PE ratio of 22.36, a P/E/G ratio of 1.72 and a beta of 0.79. The stock has a 50 day simple moving average of C$73.17 and a 200-day simple moving average of C$68.69. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 170.86.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last posted its earnings results on Friday, February 13th. The company reported C$0.88 EPS for the quarter. Enbridge had a return on equity of 12.34% and a net margin of 11.50%.The firm had revenue of C$17.18 billion for the quarter. On average, equities research analysts forecast that Enbridge will post 3.511912 EPS for the current year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Sunday, March 1st were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 5.4%. This is a positive change from Enbridge's previous quarterly dividend of $0.94. The ex-dividend date was Tuesday, February 17th. Enbridge's payout ratio is currently 117.08%.

Enbridge Company Profile

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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