Enbridge Inc. (TSE:ENB) Receives Average Recommendation of "Moderate Buy" from Brokerages

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB has earned an average rating of "Moderate Buy" from the ten analysts that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation 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.

ENB has been the subject of several recent research reports. Echelon Wealth Partners upped their price objective on Enbridge from C$67.00 to C$74.00 in a research report on Wednesday, April 23rd. Citigroup set a C$75.00 price target on shares of Enbridge and gave the stock a "buy" rating in a research note on Friday, April 4th. CIBC boosted their price objective on shares of Enbridge from C$66.00 to C$67.00 in a research report on Wednesday, March 5th. Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Finally, BMO Capital Markets boosted their price target on shares of Enbridge from C$60.00 to C$63.00 in a research report on Monday, May 12th.

Enbridge Trading Up 0.3%

Shares of TSE ENB traded up C$0.16 during midday trading on Friday, reaching C$61.84. 5,000,638 shares of the stock were exchanged, compared to its average volume of 8,969,188. Enbridge has a 12 month low of C$47.56 and a 12 month high of C$65.62. The company has a market capitalization of C$134.02 billion, a price-to-earnings ratio of 20.10, a P/E/G 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. The business has a 50-day simple moving average of C$63.24 and a two-hundred day simple moving average of C$62.27.

Enbridge Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Stockholders 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 dividend yield of 6.10%. Enbridge's payout ratio is 118.98%.

Insiders Place Their Bets

In other Enbridge news, Senior Officer Maximilian Chan sold 801 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$63.17, for a total transaction of C$50,599.17. Corporate insiders own 0.10% of the company's stock.

Enbridge Company Profile

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.