Enbridge Inc. (TSE:ENB) Senior Officer Matthew Allan Akman Purchases 1,000 Shares

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Matthew Allan Akman acquired 1,000 shares of the stock in a transaction dated Friday, March 14th. The shares were purchased at an average price of C$61.24 per share, for a total transaction of C$61,240.00.

Enbridge Stock Performance

TSE ENB opened at C$62.14 on Tuesday. The firm has a 50-day moving average price of C$62.37 and a two-hundred day moving average price of C$59.33. Enbridge Inc. has a 12-month low of C$45.39 and a 12-month high of C$65.62. The company has a market capitalization of C$134.67 billion, a P/E ratio of 20.20, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Saturday, March 1st were paid a $0.9425 dividend. This is a boost from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a dividend yield of 6.07%. The ex-dividend date was Friday, February 14th. Enbridge’s payout ratio is 118.98%.

Analysts Set New Price Targets

ENB has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on Enbridge from C$57.00 to C$60.00 in a research report on Thursday, December 5th. BMO Capital Markets boosted their target price on Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Royal Bank of Canada increased their price target on Enbridge from C$63.00 to C$67.00 in a research note on Tuesday, February 18th. Scotiabank lifted their price objective on shares of Enbridge from C$61.00 to C$65.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Finally, Barclays increased their price objective on shares of Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Enbridge presently has a consensus rating of “Hold” and a consensus price target of C$63.31.

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.