Shares of Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$62.03 and traded as high as C$65.09. Enbridge shares last traded at C$64.61, with a volume of 9,153,675 shares traded.
Wall Street Analyst Weigh In
Several analysts recently issued reports on ENB shares. Scotiabank upped their target price on Enbridge from C$61.00 to C$65.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. TD Securities upped their target price on Enbridge from C$66.00 to C$67.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Echelon Wealth Partners upped their target price on Enbridge from C$67.00 to C$74.00 in a report on Wednesday, April 23rd. Citigroup set a C$75.00 price objective on Enbridge and gave the company a "buy" rating in a research note on Friday, April 4th. Finally, BMO Capital Markets upped their price objective on Enbridge from C$60.00 to C$63.00 in a research note on Monday, May 12th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$66.00.
View Our Latest Analysis on Enbridge
Enbridge Stock Up 0.2%
The firm has a market cap of C$138.75 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.72 and a beta of 0.90. 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 stock has a 50-day moving average of C$62.80 and a 200-day moving average of C$62.05.
Enbridge Announces Dividend
The business also recently declared 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 5.89%. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge's dividend payout ratio is currently 118.98%.
Insider Buying and Selling
In other news, Senior Officer Maximilian Chan sold 801 shares of Enbridge stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$63.17, for a total value of C$50,599.17. Also, Senior Officer Matthew Allan Akman acquired 1,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average cost of C$61.24 per share, for a total transaction of C$61,240.00. 0.10% of the stock is currently owned by company insiders.
Enbridge Company Profile
(
Get Free Report)
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.
See Also
Before you consider Enbridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.
While Enbridge currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.