Enbridge (TSE:ENB - Free Report) NYSE: ENB had its price objective boosted by BMO Capital Markets from C$60.00 to C$63.00 in a research note published on Monday morning,BayStreet.CA reports.
ENB has been the subject of a number of other research reports. Raymond James upgraded Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Citigroup set a C$75.00 price target on Enbridge and gave the stock a "buy" rating in a research report on Friday, April 4th. Royal Bank of Canada upped their price objective on Enbridge from C$63.00 to C$67.00 in a report on Tuesday, February 18th. TD Securities upped their price objective on Enbridge from C$66.00 to C$67.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group upped their price objective on Enbridge from C$59.00 to C$65.00 in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$66.00.
View Our Latest Report on ENB
Enbridge Stock Performance
ENB stock traded up C$0.02 during trading on Monday, reaching C$62.73. 14,806,072 shares of the company's stock were exchanged, compared to its average volume of 9,272,560. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. Enbridge has a 1-year low of C$47.41 and a 1-year high of C$65.62. The company's fifty day moving average price is C$62.58 and its 200-day moving average price is C$61.52. The firm has a market cap of C$135.95 billion, a PE ratio of 20.39, a P/E/G ratio of 1.72 and a beta of 0.90.
Enbridge Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Sunday, June 1st will be given a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date is Thursday, May 15th. Enbridge's dividend payout ratio (DPR) is presently 118.98%.
Insider Transactions at Enbridge
In related news, Senior Officer Matthew Allan Akman bought 1,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were bought at an average cost of C$61.24 per share, with a total value of C$61,240.00. Also, Senior Officer Michele Eva Harradence purchased 5,857 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average cost of C$62.53 per share, for a total transaction of C$366,238.21. 0.10% of the stock is owned by insiders.
About Enbridge
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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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