A number of other research analysts also recently issued reports on ENB. Royal Bank of Canada set a C$56.00 price target on Enbridge and gave the stock an outperform rating in a research note on Friday, December 20th. US Capital Advisors downgraded Enbridge from an overweight rating to a hold rating in a research note on Tuesday, January 7th. Citigroup raised their price target on Enbridge from C$46.00 to C$51.00 in a research note on Thursday, November 7th. Tudor Pickering & Holt restated a hold rating and set a C$50.00 price target on shares of Enbridge in a research note on Tuesday, December 10th. Finally, BMO Capital Markets lifted their target price on Enbridge from C$55.00 to C$56.00 in a research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Enbridge currently has an average rating of Buy and a consensus price target of C$55.14.
TSE:ENB opened at C$52.97 on Tuesday. The stock’s 50 day moving average price is C$51.48 and its 200 day moving average price is C$47.91. The company has a market capitalization of $105.59 billion and a PE ratio of 18.38. The company has a quick ratio of 0.47, a current ratio of 0.60 and a debt-to-equity ratio of 94.16. Enbridge has a 52-week low of C$43.02 and a 52-week high of C$53.13.
Enbridge (TSE:ENB) (NYSE:ENB) last released its quarterly earnings results on Friday, November 8th. The company reported C$0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.53 by C$0.03. The firm had revenue of C$11.60 billion for the quarter. As a group, sell-side analysts anticipate that Enbridge will post 2.6400002 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 14th will be paid a $0.81 dividend. This is an increase from Enbridge’s previous quarterly dividend of $0.74. This represents a $3.24 annualized dividend and a dividend yield of 6.12%. The ex-dividend date is Thursday, February 13th. Enbridge’s dividend payout ratio (DPR) is 100.10%.
In related news, Senior Officer Byron Craig Neiles sold 5,899 shares of Enbridge stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$51.18, for a total value of C$301,910.82. Following the sale, the insider now directly owns 82,440 shares in the company, valued at C$4,219,279.20. Also, Senior Officer Cynthia Lynn Hansen sold 18,008 shares of Enbridge stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$50.97, for a total value of C$917,867.76. Following the completion of the sale, the insider now owns 89,081 shares in the company, valued at C$4,540,458.57. Insiders sold a total of 54,253 shares of company stock worth $2,796,860 over the last quarter.
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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