Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB's share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.
Analysts Set New Price Targets
ENB has been the subject of several analyst reports. Citigroup set a C$75.00 target price on shares of Enbridge and gave the company a "buy" rating in a research note on Friday, April 4th. BMO Capital Markets boosted their target price on shares of Enbridge from C$60.00 to C$63.00 in a research note on Monday, May 12th. Raymond James Financial raised shares of Enbridge to a "moderate buy" rating in a research note 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 note on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Enbridge currently has a consensus rating of "Moderate Buy" and a consensus target price of C$66.00.
Read Our Latest Report on Enbridge
Enbridge Stock Performance
The stock's 50-day moving average is C$62.79 and its 200-day moving average is C$62.38. The stock has a market cap of C$129.92 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86.
Enbridge Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Sunday, June 1st were paid a dividend of $0.9425 per share. This represents a $3.77 annualized dividend and a dividend yield of 6.29%. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge's dividend payout ratio (DPR) is currently 118.98%.
Insider Activity
In related news, Senior Officer Maximilian Chan sold 801 shares of the company's stock in a transaction that occurred on 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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