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

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$76.00.

ENB has been the topic of several analyst reports. Barclays raised their price target on shares of Enbridge from C$68.00 to C$73.00 in a research note on Tuesday, April 7th. Royal Bank Of Canada boosted their price objective on Enbridge from C$76.00 to C$79.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Scotiabank increased their price objective on Enbridge from C$78.00 to C$84.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 21st. National Bank Financial raised their target price on Enbridge from C$73.00 to C$81.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. Finally, Raymond James Financial lifted 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.

Enbridge Stock Up 1.0%

ENB stock opened at C$80.21 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.81 and a debt-to-equity ratio of 168.58. Enbridge has a fifty-two week low of C$61.22 and a fifty-two week high of C$80.65. The firm’s 50-day simple moving average is C$78.14 and its 200 day simple moving average is C$73.65. The stock has a market cap of C$175.15 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.72 and a beta of 0.73.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Friday, May 8th. The company reported C$0.98 earnings per share for the quarter. The firm had revenue of C$22.36 billion for the quarter. Enbridge had a net margin of 9.43% and a return on equity of 11.11%. As a group, sell-side analysts predict that Enbridge will post 3.511912 EPS for the current year.

Enbridge Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, June 1st were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, May 15th. Enbridge’s dividend payout ratio (DPR) is 128.73%.

Insider Transactions at Enbridge

In related news, insider Melissa Marie Laforge sold 855 shares of Enbridge stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$80.16, for a total transaction of C$68,536.80. Following the sale, the insider directly owned 7,904 shares in the company, valued at C$633,584.64. The trade was a 9.76% decrease in their ownership of the stock. Also, Director Mayank Mulraj Ashar sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of C$78.87, for a total transaction of C$236,610.00. Following the completion of the sale, the director directly owned 42,000 shares of the company’s stock, valued at C$3,312,540. The trade was a 6.67% decrease in their position. Over the last 90 days, insiders have sold 8,855 shares of company stock worth $695,547. Company insiders own 0.10% of the company’s stock.

Enbridge Company Profile

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.