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

Shares of Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$63.17 and traded as high as C$67.91. Enbridge shares last traded at C$67.61, with a volume of 4,836,799 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ENB shares. ATB Capital upped their target price on shares of Enbridge from C$66.00 to C$67.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Argus upgraded shares of Enbridge to a "strong-buy" rating in a research note on Tuesday, August 12th. Jefferies Financial Group upgraded shares of Enbridge from a "hold" rating to a "buy" rating and upped their target price for the company from C$65.00 to C$72.00 in a research note on Wednesday, July 23rd. Finally, National Bankshares increased their price objective on shares of Enbridge from C$64.00 to C$65.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Enbridge presently has an average rating of "Moderate Buy" and a consensus price target of C$67.07.

Enbridge Stock Performance

The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44. The firm has a 50-day moving average price of C$64.65 and a two-hundred day moving average price of C$63.17. The firm has a market capitalization of C$147.42 billion, a P/E ratio of 23.81, a P/E/G ratio of 1.72 and a beta of 0.90.

Enbridge Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, September 1st were paid a dividend of $0.9425 per share. The ex-dividend date was Friday, August 15th. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.6%. Enbridge's payout ratio is presently 130.81%.

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.

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