Enbridge Inc (TSE:ENB) (NYSE:ENB) Director Michael E.J. Phelps sold 900 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of C$50.06, for a total transaction of C$45,054.00.

Michael E.J. Phelps also recently made the following trade(s):

  • On Thursday, September 21st, Michael E.J. Phelps sold 6,300 shares of Enbridge stock. The shares were sold at an average price of C$41.42, for a total transaction of C$260,946.00.

Enbridge Inc (TSE ENB) traded up C$0.57 during mid-day trading on Friday, reaching C$49.89. 11,157,739 shares of the company’s stock were exchanged, compared to its average volume of 3,029,450. Enbridge Inc has a fifty-two week low of C$43.91 and a fifty-two week high of C$58.28.

The business also recently declared 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 yield of 5.38%. The ex-dividend date is Wednesday, February 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.61. Enbridge’s payout ratio is currently 119.03%.

Several equities analysts recently commented on ENB shares. CIBC reduced their price objective on shares of Enbridge from C$71.00 to C$69.00 in a research note on Tuesday, October 17th. TD Securities reduced their price objective on shares of Enbridge from C$64.00 to C$62.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Scotiabank reduced their price objective on shares of Enbridge from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Royal Bank of Canada cut their price target on shares of Enbridge from C$64.00 to C$63.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Finally, National Bank Financial cut their price target on shares of Enbridge from C$67.00 to C$63.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$60.47.

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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.

Insider Buying and Selling by Quarter for Enbridge (TSE:ENB)

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