Enbridge Inc. (TSE:ENB) Given Average Recommendation of "Moderate Buy" by Brokerages

Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB has been assigned a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$53.56.

A number of research firms have recently weighed in on ENB. National Bankshares upped their price objective on Enbridge from C$52.00 to C$53.00 and gave the stock a "sector perform" rating in a research note on Monday. Royal Bank of Canada dropped their price objective on Enbridge from C$55.00 to C$54.00 and set an "outperform" rating for the company in a research note on Monday, February 12th. Barclays dropped their price objective on Enbridge from C$53.00 to C$51.00 in a research note on Thursday, March 7th. Scotiabank increased their price target on Enbridge from C$50.00 to C$54.00 and gave the company an "outperform" rating in a research note on Monday. Finally, JPMorgan Chase & Co. increased their price target on Enbridge from C$55.00 to C$56.00 and gave the company an "overweight" rating in a research note on Friday.

Enbridge Stock Performance

ENB traded down C$0.02 during midday trading on Friday, reaching C$50.04. The company had a trading volume of 16,214,759 shares, compared to its average volume of 8,072,648. The company has a quick ratio of 0.44, a current ratio of 0.83 and a debt-to-equity ratio of 127.95. The business has a 50-day moving average of C$48.73 and a two-hundred day moving average of C$47.75. The company has a market cap of C$106.59 billion, a P/E ratio of 17.63, a P/E/G ratio of 0.75 and a beta of 0.89. Enbridge has a 1 year low of C$42.75 and a 1 year high of C$52.34.

Enbridge Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be paid a dividend of $0.915 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.66 annualized dividend and a yield of 7.31%. Enbridge's dividend payout ratio (DPR) is 128.87%.

Enbridge Company Profile

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.