Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB's stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$62.16 and traded as high as C$62.88. Enbridge shares last traded at C$62.69, with a volume of 7,807,337 shares.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Royal Bank of Canada lifted their price objective on shares of Enbridge from C$63.00 to C$67.00 in a research note on Tuesday, February 18th. BMO Capital Markets lifted their price objective on shares of Enbridge from C$60.00 to C$63.00 in a research note on Monday, May 12th. TD Securities lifted 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 note on Tuesday, February 18th. Raymond James upgraded shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Finally, Echelon Wealth Partners boosted their target price on shares of Enbridge from C$67.00 to C$74.00 in a research report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$66.00.
Get Our Latest Analysis on ENB
Enbridge Stock Performance
The business's 50-day simple moving average is C$62.93 and its two-hundred day simple moving average is C$62.22. The firm has a market cap of C$137.34 billion, a price-to-earnings ratio of 20.60, 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.
Enbridge Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Sunday, June 1st were given a $0.9425 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.95%. Enbridge's dividend payout ratio (DPR) is currently 118.98%.
Insider Buying and Selling
In related news, Senior Officer Maximilian Chan sold 801 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of C$63.17, for a total transaction of C$50,599.17. Also, Senior Officer Michele Eva Harradence purchased 5,857 shares of Enbridge stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average price 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
(
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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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