Enbridge (TSE:ENB) Director Gregory Lorne Ebel Buys 7,105 Shares

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Director Gregory Lorne Ebel acquired 7,105 shares of Enbridge stock in a transaction that occurred on Monday, September 14th. The stock was bought at an average price of C$66.85 per share, for a total transaction of C$474,969.25. Following the completion of the acquisition, the director owned 589,721 shares in the company, valued at C$39,422,848.85. This trade represents a 1.22% increase in their position.

Enbridge Trading Down 0.1%

TSE ENB opened at C$68.14 on Friday. The firm’s 50-day moving average is C$72.61 and its two-hundred day moving average is C$74.61. Enbridge Inc. has a 12 month low of C$62.42 and a 12 month high of C$80.65. The company has a debt-to-equity ratio of 171.59, a current ratio of 0.72 and a quick ratio of 0.44. The stock has a market capitalization of C$148.83 billion, a P/E ratio of 26.31, a PEG ratio of 1.72 and a beta of 0.69.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its earnings results on Friday, July 31st. The company reported C$0.63 earnings per share for the quarter. The company had revenue of C$29.32 billion during the quarter. Enbridge had a net margin of 7.28% and a return on equity of 10.01%. On average, sell-side analysts anticipate that Enbridge Inc. will post 3.511912 earnings per share for the current year.

Enbridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 5.7%. Enbridge’s dividend payout ratio (DPR) is presently 147.68%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ENB. National Bank Financial raised Enbridge from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$81.00 to C$82.00 in a research report on Tuesday. ATB Cormark Capital Markets raised their price target on Enbridge from C$83.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Tuesday. Raymond James Financial lifted their price objective on Enbridge from C$79.00 to C$80.00 and gave the company a “market perform” rating in a research note on Tuesday. US Capital Advisors upgraded Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. Finally, TD Securities raised Enbridge from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$77.62.

Enbridge Company Profile

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.