Enbridge Inc. (TSE:ENB) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have earned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$73.31.

ENB has been the subject of a number of recent analyst reports. National Bank Financial raised their price objective on Enbridge from C$71.00 to C$72.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. lowered shares of Enbridge from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from C$74.00 to C$69.00 in a research note on Tuesday, January 27th. Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating and increased their price objective for the company from C$71.00 to C$76.00 in a research note on Tuesday, February 17th. Scotiabank boosted their target price on shares of Enbridge from C$73.00 to C$77.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Finally, ATB Cormark Capital Markets increased their price target on shares of Enbridge from C$72.00 to C$78.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th.

Enbridge Price Performance

ENB opened at C$73.32 on Monday. Enbridge has a twelve month low of C$56.51 and a twelve month high of C$74.88. The firm has a market cap of C$160.01 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 1.72 and a beta of 1.00. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 170.86. The company has a fifty day simple moving average of C$69.82 and a 200 day simple moving average of C$67.78.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings data on Friday, February 13th. The company reported C$0.88 earnings per share for the quarter. Enbridge had a net margin of 11.50% and a return on equity of 12.34%. The company had revenue of C$17.18 billion during the quarter. Equities research analysts expect that Enbridge will post 3.511912 EPS for the current fiscal year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Sunday, March 1st were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $3.88 annualized dividend and a dividend yield of 5.3%. This is an increase from Enbridge’s previous quarterly dividend of $0.94. Enbridge’s dividend payout ratio is currently 117.08%.

About Enbridge

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.