Enbridge (TSE:ENB) Stock Passes Above 200-Day Moving Average - Time to Sell?

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB's stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$60.36 and traded as high as C$61.17. Enbridge shares last traded at C$61.05, with a volume of 5,343,315 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ENB. Scotiabank increased their price target on Enbridge from C$61.00 to C$65.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Raymond James raised their price target on shares of Enbridge from C$65.00 to C$67.00 in a research report on Tuesday, February 18th. CIBC increased their price objective on shares of Enbridge from C$66.00 to C$67.00 in a research note on Wednesday, March 5th. Jefferies Financial Group boosted their target price on Enbridge from C$59.00 to C$65.00 in a research note on Thursday, January 30th. Finally, Barclays increased their price target on Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Enbridge currently has an average rating of "Hold" and a consensus price target of C$64.14.

Enbridge Trading Down 0.9 %

The stock has a market cap of C$134.93 billion, a PE ratio of 20.24, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The firm has a 50-day simple moving average of C$61.43 and a 200-day simple moving average of C$60.61.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st were paid a $0.9425 dividend. The ex-dividend date was Friday, February 14th. This represents a $3.77 annualized dividend and a yield of 6.06%. This is an increase from Enbridge's previous quarterly dividend of $0.92. Enbridge's dividend payout ratio (DPR) is currently 118.98%.

Insider Buying and Selling at Enbridge

In other Enbridge news, Senior Officer Matthew Allan Akman acquired 1,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average price of C$61.24 per share, for a total transaction of C$61,240.00. Also, Senior Officer Michele Eva Harradence acquired 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, with a total value of C$366,238.21. Insiders own 0.10% of the company's stock.

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.