Brokerages Set Enbridge Inc. (TSE:ENB) Price Target at C$63.31

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$63.31.

Several research firms have recently issued reports on ENB. Raymond James lifted their price target on Enbridge from C$65.00 to C$67.00 in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price target on Enbridge from C$66.00 to C$69.00 in a research note on Thursday, December 5th. Wells Fargo & Company lifted their price target on Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Barclays lifted their price target on Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group lifted their price objective on Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th.

Enbridge Price Performance

Shares of TSE ENB opened at C$62.14 on Thursday. Enbridge has a 1-year low of C$45.39 and a 1-year high of C$65.62. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44. The stock has a fifty day moving average price of C$62.37 and a 200 day moving average price of C$59.33. The company has a market cap of C$134.67 billion, a PE ratio of 20.20, a P/E/G ratio of 1.72 and a beta of 0.90.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st were given a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a dividend yield of 6.07%. This is a positive change from Enbridge’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Friday, February 14th. Enbridge’s dividend payout ratio is presently 118.98%.

Insider Buying and Selling at Enbridge

In other news, Senior Officer Matthew Allan Akman purchased 1,000 shares of the stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost of C$61.24 per share, for a total transaction of C$61,240.00. Also, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total value of C$66,293.64. 0.10% of the stock is currently owned by corporate insiders.

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.