Enbridge Inc. (TSE:ENB) Plans Quarterly Dividend of $0.92

Enbridge Inc. (TSE:ENB) (NYSE:ENB) announced a quarterly dividend on Friday, November 15th,RTT News reports. Stockholders of record on Sunday, December 1st will be paid a dividend of 0.915 per share on Sunday, December 1st. This represents a $3.66 annualized dividend and a dividend yield of 6.15%. The ex-dividend date of this dividend is Friday, November 15th.

Enbridge Trading Up 1.3 %

Shares of ENB opened at C$59.53 on Thursday. Enbridge has a one year low of C$45.05 and a one year high of C$59.94. The stock has a 50-day moving average price of C$56.14 and a 200 day moving average price of C$52.38. 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 company has a market capitalization of C$129.78 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.72 and a beta of 0.90.

Analyst Ratings Changes

A number of research firms have recently weighed in on ENB. BMO Capital Markets raised their price target on shares of Enbridge from C$54.00 to C$56.00 in a research report on Thursday, September 5th. Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$55.00 to C$58.00 in a report on Monday, September 30th. CIBC upped their target price on shares of Enbridge from C$59.00 to C$67.00 in a research note on Monday, November 4th. Raymond James lifted their price target on Enbridge from C$54.00 to C$59.00 in a research note on Tuesday, October 22nd. Finally, National Bankshares upped their price objective on Enbridge from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$57.54.

Insider Buying and Selling

In related news, Senior Officer Maximilian Chan sold 688 shares of Enbridge stock in a transaction dated 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 owned by company insiders.

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.