Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on ENB shares. Raymond James upgraded shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Scotiabank upped their target price on shares of Enbridge from C$61.00 to C$65.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. BMO Capital Markets upped their target price on shares of Enbridge from C$60.00 to C$63.00 in a research note on Monday, May 12th. Echelon Wealth Partners increased their price target on shares of Enbridge from C$67.00 to C$74.00 in a research report on Wednesday, April 23rd. Finally, 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. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$66.00.
View Our Latest Report on ENB
Enbridge Stock Performance
The stock has a market capitalization of C$138.05 billion, a PE ratio of 20.71, 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 business's fifty day moving average price is C$62.80 and its 200-day moving average price is C$62.10.
Enbridge Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Sunday, June 1st were issued a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date was Thursday, May 15th. Enbridge's payout ratio is 118.98%.
Insider Transactions at Enbridge
In related news, Senior Officer Matthew Allan Akman acquired 1,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average cost of C$61.24 per share, for a total transaction of C$61,240.00. Also, Senior Officer Michele Eva Harradence acquired 5,857 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average price of C$62.53 per share, for a total transaction of C$366,238.21. Insiders own 0.10% of the company's stock.
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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