Enbridge (ENB) Scheduled to Post Quarterly Earnings on Friday

Enbridge (TSE:ENB) (NYSE:ENB) will issue its quarterly earnings data before the market opens on Friday, February 16th. Analysts expect the company to announce earnings of C$0.55 per share for the quarter.

Enbridge (TSE ENB) opened at C$43.36 on Friday. The company has a market capitalization of $73,160.00, a P/E ratio of 22.12 and a beta of 0.18. Enbridge has a 12-month low of C$42.20 and a 12-month high of C$57.75.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, November 29th will be given a $0.671 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.61. The ex-dividend date is Wednesday, February 14th. This represents a $2.68 annualized dividend and a dividend yield of 6.19%. Enbridge’s dividend payout ratio (DPR) is presently 119.03%.

ENB has been the subject of several research reports. CIBC decreased their target price on Enbridge from C$71.00 to C$69.00 in a research report on Tuesday, October 17th. TD Securities reduced their price objective on Enbridge from C$64.00 to C$62.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Scotiabank reduced their price objective on Enbridge from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Royal Bank of Canada reduced their price objective on Enbridge from C$64.00 to C$63.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Finally, National Bank Financial reduced their price objective on Enbridge from C$67.00 to C$63.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$60.16.

In other Enbridge news, insider Bradley Francis Shamla sold 3,019 shares of Enbridge stock in a transaction on Thursday, December 14th. The stock was sold at an average price of C$50.00, for a total transaction of C$150,950.00. Also, insider Vernon Dai-Chung Yu sold 9,700 shares of Enbridge stock in a transaction on Monday, December 18th. The shares were sold at an average price of C$50.20, for a total value of C$486,940.00. Insiders have sold a total of 16,419 shares of company stock valued at $752,365 in the last 90 days.

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About Enbridge

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.

Earnings History for Enbridge (TSE:ENB)

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