Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB shares passed 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 trading hands.
Analyst Upgrades and Downgrades
ENB has been the topic of a number of research reports. BMO Capital Markets lifted their target price on shares of Enbridge from C$60.00 to C$63.00 in a research note on Monday, May 12th. Citigroup set a C$75.00 price target on shares of Enbridge and gave the company a "buy" rating in a research report on Friday, April 4th. Echelon Wealth Partners lifted their price target on shares of Enbridge from C$67.00 to C$74.00 in a research report on Wednesday, April 23rd. Finally, Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a research report on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$66.00.
Get Our Latest Stock Analysis on ENB
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 firm's fifty day moving average price is C$62.70 and its two-hundred day moving average price is C$62.36. The stock has a market capitalization of C$129.47 billion, a PE ratio of 19.42, a PEG ratio of 1.72 and a beta of 0.90.
Enbridge Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Sunday, June 1st were issued a dividend of $0.9425 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.77 annualized dividend and a dividend yield of 6.31%. Enbridge's payout ratio is 118.98%.
Insider Buying and Selling at Enbridge
In related news, Senior Officer Maximilian Chan sold 801 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$63.17, for a total transaction of C$50,599.17. 0.10% of the stock is owned by insiders.
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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