Enbridge Inc. (TSE:ENB) Receives C$66.00 Average PT from Analysts

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$66.00.

A number of brokerages have recently issued reports on ENB. Citigroup set a C$75.00 price target on shares of Enbridge and gave the stock a “buy” rating in a research note on Friday, April 4th. BMO Capital Markets upped their target price on shares of Enbridge from C$60.00 to C$63.00 in a research report on Monday, May 12th. Raymond James Financial upgraded shares of Enbridge to a “moderate buy” rating in a research report on Wednesday, April 23rd. CIBC upped their target price on shares of Enbridge from C$66.00 to C$67.00 in a research report on Wednesday, March 5th. Finally, Echelon Wealth Partners upped their target price on shares of Enbridge from C$67.00 to C$74.00 in a research report on Wednesday, April 23rd.

Insider Activity at Enbridge

In other news, Senior Officer Maximilian Chan sold 801 shares of the business’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of C$63.17, for a total value of C$50,599.17. Company insiders own 0.10% of the company’s stock.

Enbridge Price Performance

Shares of TSE:ENB opened at C$61.68 on Friday. The company has a 50-day simple moving average of C$63.24 and a 200-day simple moving average of C$62.27. Enbridge has a one year low of C$47.42 and a one year high of C$65.62. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The stock has a market capitalization of C$133.67 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.72 and a beta of 0.90.

Enbridge Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Sunday, June 1st were issued a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date was Thursday, May 15th. Enbridge’s payout ratio is 118.98%.

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.