Enbridge Inc. (TSE:ENB – Get Free Report) (NYSE:ENB) Director Gregory Lorne Ebel bought 7,105 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was bought at an average cost of C$66.85 per share, for a total transaction of C$474,969.25. Following the completion of the purchase, the director owned 589,721 shares of the company’s stock, valued at approximately C$39,422,848.85. The trade was a 1.22% increase in their position.
Enbridge Stock Up 0.1%
Shares of TSE:ENB traded up C$0.09 on Friday, hitting C$68.27. 5,814,339 shares of the company traded hands, compared to its average volume of 8,602,745. The stock has a 50 day simple moving average of C$72.79 and a 200-day simple moving average of C$74.66. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 171.59. The company has a market cap of C$149.11 billion, a PE ratio of 26.36, a PEG ratio of 1.72 and a beta of 0.69. Enbridge Inc. has a 52 week low of C$62.42 and a 52 week high of C$80.65.
Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) last announced its quarterly earnings data on Friday, July 31st. The company reported C$0.63 EPS for the quarter. The company had revenue of C$29.32 billion for the quarter. Enbridge had a net margin of 7.28% and a return on equity of 10.01%. As a group, research analysts expect that Enbridge Inc. will post 3.511912 earnings per share for the current year.
Enbridge Dividend Announcement
Analyst Upgrades and Downgrades
ENB has been the subject of several recent analyst reports. National Bank Financial upgraded Enbridge from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$81.00 to C$82.00 in a research note on Tuesday. BMO Capital Markets upgraded Enbridge from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$79.00 to C$79.50 in a report on Tuesday. Raymond James Financial boosted their target price on Enbridge from C$79.00 to C$80.00 and gave the stock a “market perform” rating in a research report on Tuesday. ATB Cormark Capital Markets upped their target price on shares of Enbridge from C$83.00 to C$84.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Scotiabank raised their price target on shares of Enbridge from C$78.00 to C$84.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Enbridge presently has a consensus rating of “Moderate Buy” and a consensus target price of C$77.62.
Check Out Our Latest Report on ENB
About Enbridge
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.
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