Analysts Set Enbridge Inc. (TSE:ENB) PT at C$53.65

Shares of Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB have been assigned a consensus recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$53.65.

ENB has been the topic of several recent research reports. ATB Capital set a C$56.00 price objective on Enbridge and gave the stock an "outperform" rating in a research note on Friday, January 5th. Stifel Nicolaus set a C$52.00 target price on Enbridge and gave the stock a "hold" rating in a research report on Thursday, January 18th. Royal Bank of Canada cut their target price on Enbridge from C$55.00 to C$54.00 and set an "outperform" rating for the company in a research report on Monday, February 12th. Jefferies Financial Group increased their target price on Enbridge from C$53.00 to C$54.00 and gave the stock a "buy" rating in a research report on Friday, March 8th. Finally, National Bankshares increased their target price on Enbridge from C$51.00 to C$52.00 in a research report on Thursday, March 7th.

Enbridge Stock Performance

Shares of TSE:ENB traded up C$0.14 during midday trading on Thursday, reaching C$48.95. 5,297,135 shares of the company's stock traded hands, compared to its average volume of 6,971,014. The company has a market cap of C$104.26 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 0.75 and a beta of 0.88. The company has a debt-to-equity ratio of 127.95, a quick ratio of 0.44 and a current ratio of 0.83. Enbridge has a one year low of C$42.75 and a one year high of C$54.05. The stock has a 50 day moving average of C$47.52 and a 200 day moving average of C$46.81.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last posted its earnings results on Friday, February 9th. The company reported C$0.64 earnings per share for the quarter, missing analysts' consensus estimates of C$0.68 by C($0.04). Enbridge had a net margin of 14.18% and a return on equity of 9.47%. The firm had revenue of C$11.30 billion during the quarter, compared to the consensus estimate of C$12.99 billion. As a group, equities research analysts anticipate that Enbridge will post 2.8393481 EPS for the current fiscal year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, March 1st were given a dividend of $0.915 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This is a positive change from Enbridge's previous quarterly dividend of $0.89. This represents a $3.66 dividend on an annualized basis and a yield of 7.48%. Enbridge's payout ratio is 128.87%.

About Enbridge

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.