Enbridge Inc. (TSE:ENB) Senior Officer Buys C$366,238.21 in Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Michele Eva Harradence acquired 5,857 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average price of C$62.53 per share, with a total value of C$366,238.21.

Enbridge Stock Performance

Shares of ENB stock opened at C$62.94 on Friday. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. Enbridge Inc. has a one year low of C$45.39 and a one year high of C$65.62. The company’s 50-day simple moving average is C$62.35 and its 200-day simple moving average is C$59.59. The stock has a market capitalization of C$136.40 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.72 and a beta of 0.90.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st were given a dividend of $0.9425 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.92. The ex-dividend date was Friday, February 14th. This represents a $3.77 annualized dividend and a dividend yield of 5.99%. Enbridge’s dividend payout ratio (DPR) is presently 118.98%.

Analyst Ratings Changes

A number of research firms have recently commented on ENB. TD Securities upped their price objective on Enbridge from C$66.00 to C$67.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company increased their price target on Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. BMO Capital Markets increased their price target on Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Barclays increased their price target on Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their price target on Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$63.31.

About Enbridge

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.