Enbridge Inc. (TSE:ENB) Receives C$54.33 Average PT from Analysts

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have earned an average rating of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$54.33.

Several analysts recently commented on the company. BMO Capital Markets raised their target price on Enbridge from C$54.00 to C$56.00 in a report on Thursday, September 5th. Wells Fargo & Company upped their price objective on shares of Enbridge from C$45.00 to C$48.00 in a research report on Tuesday, June 4th. Scotiabank lowered Enbridge from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 14th. CIBC raised their price objective on Enbridge from C$57.00 to C$59.00 in a report on Monday, July 15th. Finally, National Bankshares increased their target price on Enbridge from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd.

Enbridge Price Performance

Shares of ENB stock opened at C$54.98 on Thursday. Enbridge has a fifty-two week low of C$42.75 and a fifty-two week high of C$56.09. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. The firm has a market capitalization of C$119.86 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 0.75 and a beta of 0.90. The stock’s 50-day simple moving average is C$53.00 and its 200-day simple moving average is C$50.24.

Enbridge (TSE:ENB) (NYSE:ENB) last released its earnings results on Friday, August 2nd. The company reported C$0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.62 by C($0.04). The firm had revenue of C$11.34 billion during the quarter, compared to analyst estimates of C$5.86 billion. Enbridge had a net margin of 13.54% and a return on equity of 8.57%. As a group, equities analysts forecast that Enbridge will post 3.0459834 earnings per share for the current fiscal year.

Enbridge Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were issued a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date of this dividend was Thursday, August 15th. Enbridge’s dividend payout ratio is presently 140.77%.

Insider Buying and Selling at Enbridge

In other news, Senior Officer Maximilian Chan sold 688 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total value of C$37,977.60. In related news, Senior Officer Maximilian Chan sold 688 shares of Enbridge stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total value of C$37,977.60. Also, Director Steven Walter Williams bought 18,600 shares of Enbridge stock in a transaction on Tuesday, August 13th. The shares were acquired at an average price of C$53.74 per share, for a total transaction of C$999,564.00. 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.