Enbridge Inc. (TSE:ENB) Receives Consensus Rating of “Hold” from Analysts

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$57.54.

A number of analysts recently issued reports on ENB shares. CIBC boosted their price target on Enbridge from C$59.00 to C$67.00 in a report on Monday, November 4th. Royal Bank of Canada boosted their price target on Enbridge from C$55.00 to C$59.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Jefferies Financial Group lowered Enbridge from a “buy” rating to a “hold” rating and boosted their price target for the company from C$55.00 to C$58.00 in a report on Monday, September 30th. JPMorgan Chase & Co. boosted their price target on Enbridge from C$57.00 to C$60.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets boosted their price target on Enbridge from C$54.00 to C$56.00 in a report on Thursday, September 5th.

Enbridge Stock Up 1.8 %

Shares of TSE:ENB opened at C$60.59 on Friday. Enbridge has a 1 year low of C$45.05 and a 1 year high of C$60.78. The business has a 50 day simple moving average of C$56.25 and a two-hundred day simple moving average of C$52.45. The firm has a market capitalization of C$132.09 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44.

Enbridge Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be given a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend is Friday, November 15th. Enbridge’s dividend payout ratio is currently 140.77%.

Insider Transactions at Enbridge

In related news, Senior Officer Maximilian Chan sold 688 shares of the firm’s 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. Corporate insiders own 0.10% of the company’s stock.

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.