Christopher James Johnston Acquires 500 Shares of Enbridge (ENB) Stock

Enbridge (TSE:ENB) (NYSE:ENB) Director Christopher James Johnston acquired 500 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were bought at an average cost of C$40.94 per share, for a total transaction of C$20,470.00.

Christopher James Johnston also recently made the following trade(s):

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  • On Tuesday, February 27th, Christopher James Johnston bought 500 shares of Enbridge stock. The stock was acquired at an average cost of C$42.56 per share, for a total transaction of C$21,280.00.

ENB stock traded up C$0.71 during trading hours on Tuesday, reaching C$39.23. The company’s stock had a trading volume of 4,843,401 shares, compared to its average volume of 3,557,256. Enbridge has a 12-month low of C$38.08 and a 12-month high of C$57.75. The firm has a market cap of $69,600.00, a P/E ratio of 23.21 and a beta of 0.26.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings data on Friday, February 16th. The company reported C$0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.53 by C$0.08. Enbridge had a return on equity of 6.04% and a net margin of 11.00%. The firm had revenue of C$12.89 billion for the quarter, compared to the consensus estimate of C$11.73 billion.

Several brokerages have recently commented on ENB. Wells Fargo reduced their target price on Enbridge from C$52.00 to C$50.00 in a report on Thursday, March 22nd. Canaccord Genuity reduced their target price on Enbridge from C$59.00 to C$54.00 in a report on Thursday, November 30th. TD Securities reduced their target price on Enbridge from C$62.00 to C$61.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. Scotiabank reduced their target price on Enbridge from C$60.00 to C$59.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$66.00 target price on shares of Enbridge in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$57.47.

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About Enbridge

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

Insider Buying and Selling by Quarter for Enbridge (TSE:ENB)

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