Enbridge (TSE:ENB) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$64.05 and traded as high as C$67.18. Enbridge shares last traded at C$66.75, with a volume of 5,977,173 shares traded.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ENB. Barclays raised their price target on shares of Enbridge from C$65.00 to C$68.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. CIBC downgraded shares of Enbridge from an “outperform” rating to a “neutral” rating and raised their price target for the stock from C$68.00 to C$70.00 in a research report on Thursday, October 9th. National Bankshares raised their price objective on Enbridge from C$64.00 to C$65.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 5th. Argus upgraded Enbridge to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, Cibc World Mkts cut Enbridge from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Enbridge currently has a consensus rating of “Moderate Buy” and an average target price of C$67.53.

Enbridge Price Performance

The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The company has a market capitalization of C$145.55 billion, a P/E ratio of 23.50, a PEG ratio of 1.72 and a beta of 0.89. The business has a 50 day simple moving average of C$67.12 and a 200-day simple moving average of C$64.05.

Enbridge Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, September 1st were paid a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Friday, August 15th. Enbridge’s dividend payout ratio (DPR) is presently 130.81%.

Enbridge Company Profile

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.