Enbridge Inc. (TSE:ENB) Receives C$62.54 Consensus PT from Analysts

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has been given a consensus rating of “Hold” by the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$63.23.

ENB has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. Jefferies Financial Group lifted their price objective on shares of Enbridge from C$59.00 to C$65.00 in a report on Thursday, January 30th. Royal Bank of Canada lifted their price objective on shares of Enbridge from C$63.00 to C$67.00 in a report on Tuesday. BMO Capital Markets lifted their price objective on shares of Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Finally, Barclays boosted their target price on shares of Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th.

Enbridge Price Performance

TSE ENB opened at C$59.46 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. Enbridge has a 12-month low of C$45.39 and a 12-month high of C$65.62. The company has a market capitalization of C$128.86 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The firm’s 50 day moving average is C$62.19 and its 200-day moving average is C$58.38.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st will be given a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a yield of 6.34%. This is a boost from Enbridge’s previous quarterly dividend of $0.92. The ex-dividend date is Friday, February 14th. Enbridge’s payout ratio is 118.98%.

Insiders Place Their Bets

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total transaction of C$66,293.64. Company insiders own 0.10% of the company’s stock.

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.