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

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$60.67 and traded as high as C$63.52. Enbridge shares last traded at C$63.11, with a volume of 8,668,737 shares traded.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD Securities upped their price objective on shares of Enbridge from C$66.00 to C$67.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. CIBC upped 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 raised shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Barclays upped their price objective on shares of Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. Finally, Echelon Wealth Partners upped their price objective on shares of Enbridge from C$67.00 to C$74.00 in a research report on Wednesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of C$65.79.

Enbridge Stock Up 0.7 %

The company has a market capitalization of C$139.68 billion, a PE ratio of 20.95, a PEG ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The stock's 50 day moving average is C$61.66 and its 200 day moving average is C$60.90.

Enbridge Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be paid a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.85%. Enbridge's payout ratio is currently 118.98%.

Insiders Place Their Bets

In other news, Senior Officer Matthew Allan Akman bought 1,000 shares of the stock in a transaction on Friday, March 14th. The shares were acquired at an average cost of C$61.24 per share, for a total transaction of C$61,240.00. Also, Senior Officer Michele Eva Harradence bought 5,857 shares of the stock in a transaction on Wednesday, March 19th. The stock was purchased at an average price of C$62.53 per share, for a total transaction of C$366,238.21. 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.