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

Key Points

• Enbridge Inc. has received a consensus rating of "Moderate Buy" from analysts, with four holding, seven buying, and one strong buy rating among twelve analysts covering the firm.
• The average 1-year price target for Enbridge is C$67.07, with recent upgrades from multiple analysts raising their targets and ratings.
• Enbridge recently declared a quarterly dividend of $0.9425, yielding approximately 5.5%, with a high dividend payout ratio of 130.81%.

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB has been assigned a consensus rating of "Moderate Buy" from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$67.07.

A number of research analysts have recently issued reports on ENB shares. ATB Capital raised their price target on shares of Enbridge from C$66.00 to C$67.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Argus upgraded shares of Enbridge to a "strong-buy" rating in a research report on Tuesday, August 12th. Jefferies Financial Group upgraded shares of Enbridge from a "hold" rating to a "buy" rating and raised their price target for the stock from C$65.00 to C$72.00 in a research report on Wednesday, July 23rd. Finally, National Bankshares raised their price target on shares of Enbridge from C$64.00 to C$65.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 5th.

Enbridge Trading Down 0.0%

TSE ENB opened at C$69.09 on Monday. Enbridge has a 12 month low of C$54.44 and a 12 month high of C$69.72. 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 company has a market capitalization of C$150.65 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company's fifty day moving average price is C$65.64 and its two-hundred day moving average price is C$63.58.

Enbridge Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, September 1st were given a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Friday, August 15th. Enbridge's dividend payout ratio (DPR) is presently 130.81%.

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.

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