Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB's stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$62.38 and traded as low as C$60.10. Enbridge shares last traded at C$60.55, with a volume of 4,574,428 shares.
Wall Street Analyst Weigh In
ENB has been the subject of several research analyst reports. Raymond James Financial upgraded Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Echelon Wealth Partners increased their price objective on Enbridge from C$67.00 to C$74.00 in a research report on Wednesday, April 23rd. Citigroup set a C$75.00 price objective on Enbridge and gave the stock a "buy" rating in a research report on Friday, April 4th. Finally, BMO Capital Markets increased their price objective on Enbridge from C$60.00 to C$63.00 in a research report on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Enbridge presently has a consensus rating of "Moderate Buy" and a consensus price target of C$66.00.
Read Our Latest Analysis on Enbridge
Enbridge Price Performance
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 company has a market cap of C$132.14 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a fifty day simple moving average of C$62.55 and a two-hundred day simple moving average of C$62.37.
Enbridge Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Sunday, June 1st were given a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge's dividend payout ratio is presently 118.98%.
Insider Buying and Selling
In related news, Senior Officer Maximilian Chan sold 801 shares of Enbridge stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of C$63.17, for a total transaction of C$50,599.17. Corporate insiders own 0.10% of the company's stock.
Enbridge Company Profile
(
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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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