Enbridge Inc. (TSE:ENB) Receives C$60.31 Consensus Price Target from Analysts

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has earned an average recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$60.31.

Several research analysts have recently commented on ENB shares. Scotiabank lifted their price target on Enbridge from C$57.00 to C$61.00 in a report on Wednesday, December 4th. BMO Capital Markets boosted their target price on shares of Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. JPMorgan Chase & Co. raised their price target on shares of Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Raymond James upped their price objective on Enbridge from C$59.00 to C$63.00 in a report on Tuesday, November 26th. Finally, Wells Fargo & Company raised their target price on Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th.

Insider Transactions at Enbridge

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

Enbridge Price Performance

Shares of TSE ENB opened at C$60.48 on Friday. The firm has a 50-day simple moving average of C$59.18 and a 200-day simple moving average of C$54.73. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26. The stock has a market capitalization of C$131.85 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. Enbridge has a 52 week low of C$45.05 and a 52 week high of C$61.99.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be issued a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a yield of 6.23%. This is an increase from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s payout ratio is 140.77%.

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.