Enbridge Inc. (TSE:ENB) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$71.17.

ENB has been the subject of a number of research reports. National Bankshares increased their price target on Enbridge from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. Cibc World Mkts downgraded Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Barclays lifted their price target on Enbridge from C$65.00 to C$68.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Jefferies Financial Group lowered their price objective on Enbridge from C$73.00 to C$71.00 in a research note on Tuesday, December 23rd. Finally, Royal Bank Of Canada raised their price objective on shares of Enbridge from C$67.00 to C$72.00 in a report on Monday, November 10th.

Enbridge Trading Down 1.4%

ENB opened at C$63.15 on Wednesday. The company has a market cap of C$137.86 billion, a P/E ratio of 24.76, a PEG ratio of 1.72 and a beta of 0.90. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. The company’s 50 day moving average is C$66.15 and its 200-day moving average is C$65.49. Enbridge has a 1-year low of C$56.51 and a 1-year high of C$70.39.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.46 EPS for the quarter. Enbridge had a net margin of 13.75% and a return on equity of 10.30%. The business had revenue of C$14.64 billion during the quarter. Equities research analysts predict that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Enbridge Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were issued a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Friday, November 14th. Enbridge’s payout ratio is 146.76%.

Enbridge Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company. Finally, the firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.