Enbridge Inc (ENB) Director Sells C$260,946.00 in Stock
Enbridge Inc (TSE:ENB) (NYSE:ENB) Director Michael E.J. Phelps sold 6,300 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of C$41.42, for a total transaction of C$260,946.00.
Shares of Enbridge Inc (TSE:ENB) traded down 0.94% during trading on Friday, reaching $50.66. 2,324,996 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $50.40 and a 200 day moving average price of $53.00. Enbridge Inc has a 12 month low of $48.98 and a 12 month high of $59.18. The firm has a market cap of $83.38 billion and a price-to-earnings ratio of 32.70.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date was Friday, August 11th.
A number of research firms recently issued reports on ENB. TD Securities raised their price objective on shares of Enbridge from C$62.00 to C$64.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. GMP Securities decreased their price objective on shares of Enbridge from C$64.00 to C$61.25 in a report on Friday, June 16th. Finally, Royal Bank Of Canada decreased their price objective on shares of Enbridge from C$67.00 to C$64.00 and set an “outperform” rating for the company in a report on Monday, June 12th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$64.18.
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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