Insider Selling: Enbridge Inc (ENB) Insider Sells 5,135 Shares of Stock
Enbridge Inc (TSE:ENB) (NYSE:ENB) insider Bradley Francis Shamla sold 5,135 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of C$52.85, for a total value of C$271,384.75.
Enbridge Inc (TSE ENB) traded down 1.60% during trading on Tuesday, hitting $51.73. The stock had a trading volume of 2,196,161 shares. Enbridge Inc has a 1-year low of $49.61 and a 1-year high of $59.19. The firm’s 50 day moving average is $51.58 and its 200 day moving average is $54.41. The firm has a market cap of $84.78 billion and a price-to-earnings ratio of 43.04.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, August 11th. This represents a $2.44 dividend on an annualized basis and a yield of 4.72%.
ENB has been the topic of several recent analyst reports. TD Securities reiterated a “buy” rating and set a C$64.00 target price on shares of Enbridge in a research report on Wednesday, April 19th. Scotiabank reiterated an “outperform” rating and set a C$62.00 target price on shares of Enbridge in a research report on Monday, May 1st. GMP Securities reduced their target price on Enbridge from C$64.00 to C$61.25 in a research report on Friday, June 16th. Finally, Royal Bank Of Canada reduced their target price on Enbridge from C$67.00 to C$64.00 and set an “outperform” rating on the stock in a research report on Monday, June 12th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$63.94.
Enbridge Company Profile
Enbridge Inc engages in energy transportation activities in the United States and Canada. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, 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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