Shares of Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB have been given a consensus recommendation of "Moderate Buy" by the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$66.00.
Several brokerages have recently commented on ENB. Echelon Wealth Partners boosted their target price on Enbridge from C$67.00 to C$74.00 in a report on Wednesday, April 23rd. Citigroup set a C$75.00 price objective on shares of Enbridge and gave the stock a "buy" rating in a research report on Friday, April 4th. BMO Capital Markets upped their target price on shares of Enbridge from C$60.00 to C$63.00 in a research report on Monday, May 12th. Finally, Raymond James Financial upgraded shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd.
Read Our Latest Analysis on ENB
Enbridge Price Performance
Shares of ENB traded up C$0.30 during trading hours on Wednesday, hitting C$61.88. 3,629,174 shares of the company were exchanged, compared to its average volume of 8,564,677. The company has a market capitalization of C$134.11 billion, a PE ratio of 20.12, a PEG ratio of 1.72 and a beta of 0.90. The firm has a fifty day simple moving average of C$62.33 and a 200-day simple moving average of C$62.43. 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 has a one year low of C$49.58 and a one year high of C$65.62.
Enbridge Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Sunday, June 1st were given a $0.9425 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.77 dividend on an annualized basis and a yield of 6.09%. Enbridge's dividend payout ratio is currently 118.98%.
Insider Activity
In other Enbridge news, Senior Officer Maximilian Chan sold 801 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of C$63.17, for a total value of C$50,599.17. Insiders own 0.10% of the company's stock.
About Enbridge
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Get Free ReportEnbridge 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.
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