News headlines about Enbridge (TSE:ENB) (NYSE:ENB) have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Enbridge earned a daily sentiment score of -1.82 on their scale. InfoTrie also assigned media stories about the company an news buzz score of 9 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.
These are some of the headlines that may have impacted Enbridge’s ranking:
- Enbridge Income Fund — Moody’s affirms Enbridge and Enbridge Income Fund at Baa3; outlooks changed to positive (markets.businessinsider.com)
- Enbridge Energy (EEP) Q3 Earnings Top Estimates, Sales Fall (zacks.com)
- Oil Prices Hit Multi-Month Lows (finance.yahoo.com)
- Enbridge Inc (ENB) Declares Quarterly Dividend of $0.67 (americanbankingnews.com)
- Enbridge: Takeaways From Q3 Results (seekingalpha.com)
Several analysts have recently commented on the company. Royal Bank of Canada raised their target price on Enbridge from C$54.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 7th. BMO Capital Markets raised their target price on Enbridge from C$59.00 to C$60.00 in a research report on Tuesday, September 11th. Citigroup raised their target price on Enbridge from C$44.00 to C$47.00 and gave the stock a “neutral” rating in a research report on Monday, September 24th. UBS Group reaffirmed a “buy” rating and issued a C$50.00 target price on shares of Enbridge in a research report on Thursday, October 4th. Finally, Wells Fargo & Co raised their target price on Enbridge from C$54.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$54.00.
Shares of Enbridge stock traded up C$0.17 during midday trading on Friday, hitting C$43.49. The company’s stock had a trading volume of 13,574,100 shares, compared to its average volume of 3,433,638. The company has a quick ratio of 0.42, a current ratio of 0.56 and a debt-to-equity ratio of 90.87. Enbridge has a 1-year low of C$37.36 and a 1-year high of C$51.04.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Thursday, November 15th will be issued a dividend of $0.671 per share. The ex-dividend date is Wednesday, November 14th. This represents a $2.68 annualized dividend and a dividend yield of 6.17%. Enbridge’s dividend payout ratio is 175.80%.
In related news, insider Bradley Francis Shamla sold 2,642 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of C$42.00, for a total transaction of C$110,964.00.
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Enbridge Company Profile
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, 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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