Enbridge (TSE:ENB) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

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.

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

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.