Enbridge (TSE:ENB) Share Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Shares of Enbridge have crossed above the 200‑day moving average (200‑day MA C$68.85), trading as high as C$72.95 and last at C$72.61 on roughly 7.6 million shares, a technical signal that may attract momentum buyers.
• Analyst sentiment has improved with several firms raising price targets and the consensus rating at Moderate Buy, with a consensus target of C$73.55 and individual targets in the C$72–77 range.
• Enbridge recently raised its quarterly dividend to $0.97 (annualized C$3.88) for a ~5.3% yield, but the dividend payout ratio is high at 117% and the company carries elevated leverage (debt‑to‑equity 170.86), flagging potential sustainability risk.

Shares of Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$68.85 and traded as high as C$72.95. Enbridge shares last traded at C$72.61, with a volume of 7,604,297 shares traded.

Analyst Ratings Changes

ENB has been the topic of several research analyst reports. Barclays boosted their price objective on Enbridge from C$68.00 to C$73.00 in a research report on Tuesday, April 7th. Raymond James Financial lifted their price objective on shares of Enbridge from C$75.00 to C$77.00 and gave the stock a "moderate buy" rating in a research report on Tuesday, February 17th. Jefferies Financial Group cut shares of Enbridge from a "buy" rating to a "hold" rating and lifted their price target for the stock from C$71.00 to C$76.00 in a report on Tuesday, February 17th. TD Securities downgraded Enbridge from a "buy" rating to a "hold" rating and upped their price objective for the company from C$70.00 to C$72.00 in a research note on Tuesday, February 17th. Finally, National Bank Financial increased their price objective on Enbridge from C$71.00 to C$72.00 and gave the company a "sector perform" rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Enbridge has an average rating of "Moderate Buy" and a consensus target price of C$73.55.

Enbridge Stock Up 1.5%

The stock's fifty day moving average price is C$73.37 and its 200 day moving average price is C$68.85. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 170.86. The stock has a market cap of C$158.46 billion, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 1.72 and a beta of 0.79.

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

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Sunday, March 1st were given a dividend of $0.97 per share. The ex-dividend date was Tuesday, February 17th. This is a positive change from Enbridge's previous quarterly dividend of $0.94. This represents a $3.88 annualized dividend and a yield of 5.3%. Enbridge's dividend payout ratio (DPR) 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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