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

Key Points

• Technical breakout: Enbridge's share price crossed above its 200‑day moving average (200‑day MA C$69.12), trading as high as C$74.06 and last at C$73.72, a potential bullish signal for traders.
• Analyst sentiment: The stock has a consensus rating of "Moderate Buy" with an average price target of C$73.55 and individual targets ranging up to C$78, indicating generally positive but mixed views.
• Dividend and sustainability risk: Enbridge raised its quarterly dividend to $0.97 (annualized $3.88) for a 5.3% yield, but the payout ratio is high at 117.08%, which could raise concerns about dividend durability.

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB's share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$69.12 and traded as high as C$74.06. Enbridge shares last traded at C$73.72, with a volume of 11,467,927 shares.

Analyst Ratings Changes

A number of analysts have weighed in on ENB shares. Barclays upped their target price on Enbridge from C$68.00 to C$73.00 in a report on Tuesday, April 7th. Scotiabank upped their target price on Enbridge from C$73.00 to C$77.00 and gave the stock an "outperform" rating in a report on Tuesday, February 17th. Jefferies Financial Group lowered Enbridge from a "buy" rating to a "hold" rating and upped their target price for the stock from C$71.00 to C$76.00 in a report on Tuesday, February 17th. 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. Finally, ATB Cormark Capital Markets increased their price objective on Enbridge from C$72.00 to C$78.00 and gave the company an "outperform" rating in a report on Tuesday, February 17th. One 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$73.55.

Enbridge Price Performance

The company has a market cap of C$160.88 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 1.72 and a beta of 0.87. The company has a debt-to-equity ratio of 170.86, a quick ratio of 0.44 and a current ratio of 0.63. The stock has a 50 day moving average of C$73.70 and a 200-day moving average of C$69.12.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last released its quarterly earnings data on Friday, February 13th. The company reported C$0.88 earnings per share for the quarter. The business 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%. Equities analysts predict that Enbridge Inc. will post 3.511912 earnings per share for the current year.

Enbridge Increases Dividend

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