Enbridge Inc (NYSE:ENB) (TSE:ENB) has been assigned an average rating of “Buy” from the fourteen analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $55.00.

Several brokerages have recently issued reports on ENB. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Enbridge in a report on Friday, March 31st. Zacks Investment Research raised Enbridge from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Thursday, February 16th. Morgan Stanley began coverage on Enbridge in a report on Tuesday, May 2nd. They issued an “equal weight” rating and a $45.00 target price on the stock. Wolfe Research began coverage on Enbridge in a report on Friday, May 12th. They issued a “market perform” rating and a $43.00 target price on the stock. Finally, Credit Suisse Group began coverage on Enbridge in a report on Tuesday, March 14th. They issued an “outperform” rating and a $70.00 target price on the stock.

A number of large investors have recently modified their holdings of the company. Sunbelt Securities Inc. bought a new stake in shares of Enbridge during the fourth quarter valued at $101,000. First Personal Financial Services bought a new stake in shares of Enbridge during the first quarter valued at $102,000. FNY Partners Fund LP bought a new stake in shares of Enbridge during the fourth quarter valued at $105,000. Financial Architects Inc boosted its stake in shares of Enbridge by 2,987.7% in the first quarter. Financial Architects Inc now owns 2,501 shares of the pipeline company’s stock valued at $105,000 after buying an additional 2,420 shares during the last quarter. Finally, Monroe Bank & Trust MI bought a new stake in shares of Enbridge during the first quarter valued at $105,000. 62.92% of the stock is currently owned by institutional investors.

Shares of Enbridge (NYSE:ENB) traded up 0.92% during trading on Tuesday, reaching $38.58. The company’s stock had a trading volume of 6,667,121 shares. Enbridge has a 12-month low of $38.15 and a 12-month high of $45.77. The company has a market cap of $63.23 billion, a PE ratio of 43.25 and a beta of 0.61. The company has a 50 day moving average of $40.05 and a 200 day moving average of $41.66.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were paid a dividend of $0.4435 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.33. This represents a $1.77 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend was Thursday, May 11th. Enbridge’s payout ratio is presently 208.14%.

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Enbridge Company Profile

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

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