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

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$75.33.

Several analysts have issued reports on ENB shares. Scotiabank boosted their target price on Enbridge from C$77.00 to C$78.00 and gave the company a “sector outperform” rating in a research note on Monday, May 11th. ATB Cormark Capital Markets boosted their target price on Enbridge from C$72.00 to C$78.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Jefferies Financial Group lowered Enbridge from a “buy” rating to a “hold” rating and boosted their target price for the company from C$71.00 to C$76.00 in a research note on Tuesday, February 17th. Raymond James Financial boosted their target price on Enbridge from C$78.00 to C$80.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada boosted their target price on Enbridge from C$76.00 to C$79.00 and gave the company an “outperform” rating in a research note on Monday, May 11th.

Enbridge Stock Performance

Shares of ENB opened at C$78.54 on Friday. The firm has a market cap of C$171.51 billion, a PE ratio of 26.62, a PEG ratio of 1.72 and a beta of 0.74. The stock’s fifty day moving average price is C$75.25 and its two-hundred day moving average price is C$70.70. The company has a debt-to-equity ratio of 168.58, a current ratio of 0.81 and a quick ratio of 0.44. Enbridge has a 1 year low of C$59.68 and a 1 year high of C$80.65.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its earnings results on Friday, May 8th. The company reported C$0.98 earnings per share (EPS) for the quarter. The firm had revenue of C$22.36 billion for the quarter. Enbridge had a return on equity of 11.11% and a net margin of 9.43%. On average, equities research analysts forecast that Enbridge will post 3.511912 EPS for the current year.

Enbridge Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, June 1st were given a $0.97 dividend. The ex-dividend date was Friday, May 15th. This represents a $3.88 annualized dividend and a dividend yield of 4.9%. Enbridge’s payout ratio is 128.73%.

Insider Buying and Selling at Enbridge

In other news, Director Mayank Mulraj Ashar sold 5,000 shares of Enbridge stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of C$78.08, for a total value of C$390,400.00. Following the completion of the transaction, the director directly owned 45,000 shares in the company, valued at approximately C$3,513,600. The trade was a 10.00% decrease in their ownership of the stock. Also, insider Melissa Marie Laforge sold 855 shares of Enbridge stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$80.16, for a total value of C$68,536.80. Following the completion of the transaction, the insider owned 7,904 shares of the company’s stock, valued at approximately C$633,584.64. This trade represents a 9.76% decrease in their ownership of the stock. Over the last quarter, insiders sold 8,855 shares of company stock valued at $695,547. 0.10% of the stock is owned by company insiders.

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.