Enbridge Inc. (TSE:ENB) Senior Officer Cynthia Lynn Hansen Sells 1,106 Shares

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the 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 transaction of C$66,293.64.

Enbridge Trading Up 0.0 %

Shares of Enbridge stock opened at C$60.09 on Thursday. Enbridge Inc. has a 1-year low of C$45.05 and a 1-year high of C$61.99. The company’s fifty day simple moving average is C$58.96 and its 200-day simple moving average is C$54.39. 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$131.00 billion, a PE ratio of 23.11, a P/E/G ratio of 1.72 and a beta of 0.90.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be given a dividend of $0.9425 per share. This is an increase from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 6.27%. Enbridge’s payout ratio is 140.77%.

Wall Street Analyst Weigh In

Several analysts have commented on ENB shares. CIBC increased their target price on Enbridge from C$61.00 to C$63.00 in a research note on Wednesday, December 4th. Raymond James upped their price target on Enbridge from C$59.00 to C$63.00 in a report on Tuesday, November 26th. Wells Fargo & Company lifted their price objective on Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. Royal Bank of Canada upped their target price on shares of Enbridge from C$59.00 to C$63.00 in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating and raised their price target for the company from C$55.00 to C$58.00 in a report on Monday, September 30th. Eight 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, Enbridge presently has a consensus rating of “Hold” and an average target price of C$60.31.

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.