Enbridge Inc. (TSE:ENB) Given Average Rating of “Hold” by Brokerages

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$57.54.

A number of brokerages recently issued reports on ENB. JPMorgan Chase & Co. lifted their target price on Enbridge from C$57.00 to C$60.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Raymond James boosted their price target on shares of Enbridge from C$54.00 to C$59.00 in a report on Tuesday, October 22nd. Jefferies Financial Group cut shares of Enbridge from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$55.00 to C$58.00 in a research report on Monday, September 30th. Royal Bank of Canada raised their target price on Enbridge from C$55.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company raised Enbridge from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 6th.

Insider Activity

In related news, Senior Officer Maximilian Chan sold 688 shares of Enbridge stock in a transaction 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. 0.10% of the stock is currently owned by insiders.

Enbridge Stock Performance

Shares of ENB opened at C$58.77 on Friday. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44. The stock has a market capitalization of C$128.12 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.72 and a beta of 0.90. Enbridge has a 12-month low of C$45.05 and a 12-month high of C$59.94. The firm’s 50 day moving average is C$56.05 and its 200-day moving average is C$52.31.

Enbridge Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be paid a $0.915 dividend. This represents a $3.66 annualized dividend and a dividend yield of 6.23%. The ex-dividend date is Friday, November 15th. Enbridge’s payout ratio is presently 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.