Enbridge (TSE: ENB) recently received a number of ratings updates from brokerages and research firms:

  • 12/1/2017 – Enbridge had its price target lowered by analysts at CIBC from C$67.00 to C$63.00.
  • 11/30/2017 – Enbridge had its price target lowered by analysts at Scotiabank from C$61.00 to C$60.00. They now have an “outperform” rating on the stock.
  • 11/30/2017 – Enbridge had its price target lowered by analysts at National Bank Financial from C$63.00 to C$60.00. They now have an “outperform” rating on the stock.
  • 11/30/2017 – Enbridge had its price target lowered by analysts at Canaccord Genuity from C$59.00 to C$54.00.
  • 11/30/2017 – Enbridge had its price target lowered by analysts at BMO Capital Markets from C$70.00 to C$66.00. They now have an “outperform” rating on the stock.
  • 11/3/2017 – Enbridge had its price target lowered by analysts at National Bank Financial from C$67.00 to C$63.00. They now have an “outperform” rating on the stock.
  • 11/3/2017 – Enbridge had its price target lowered by analysts at Royal Bank Of Canada from C$64.00 to C$63.00. They now have an “outperform” rating on the stock.
  • 11/3/2017 – Enbridge had its price target lowered by analysts at CIBC from C$69.00 to C$67.00.
  • 11/3/2017 – Enbridge had its price target lowered by analysts at Scotiabank from C$62.00 to C$61.00. They now have an “outperform” rating on the stock.
  • 11/3/2017 – Enbridge had its price target lowered by analysts at TD Securities from C$64.00 to C$62.00. They now have a “buy” rating on the stock.
  • 10/17/2017 – Enbridge had its price target lowered by analysts at CIBC from C$71.00 to C$69.00.

Enbridge Inc. (TSE:ENB) traded up C$0.09 during trading on Wednesday, hitting C$48.77. 2,877,141 shares of the company’s stock were exchanged, compared to its average volume of 3,002,046. Enbridge Inc. has a 12-month low of C$43.91 and a 12-month high of C$58.28.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, November 29th will be paid a $0.671 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.50%. This is a positive change from Enbridge’s previous quarterly dividend of $0.61. The ex-dividend date is Wednesday, February 14th. Enbridge’s dividend payout ratio (DPR) is 119.03%.

In related news, insider Laszlo Varsanyi sold 2,700 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of C$23.85, for a total transaction of C$64,395.00. Also, Director Wanda Marie Opheim sold 28,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of C$51.00, for a total transaction of C$1,428,000.00. Over the last three months, insiders have purchased 10,156 shares of company stock worth $499,357 and have sold 103,999 shares worth $4,958,443.

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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