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

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has received a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$71.31.

A number of analysts recently issued reports on the company. ATB Capital set a C$72.00 target price on Enbridge and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. Cibc World Mkts downgraded shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. CIBC reduced their target price on shares of Enbridge from C$71.00 to C$69.00 in a research note on Wednesday, December 17th. Barclays boosted their price target on Enbridge from C$65.00 to C$68.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Finally, National Bankshares upped their price objective on Enbridge from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th.

Enbridge Stock Performance

ENB stock opened at C$66.47 on Friday. Enbridge has a 1-year low of C$56.51 and a 1-year high of C$70.39. 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 firm has a market cap of C$145.10 billion, a PE ratio of 26.07, a P/E/G ratio of 1.72 and a beta of 0.90. The business’s 50-day moving average price is C$65.50 and its two-hundred day moving average price is C$65.94.

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

Enbridge Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were issued a $0.9425 dividend. The ex-dividend date was Friday, November 14th. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.7%. Enbridge’s dividend payout ratio (DPR) is 146.76%.

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.