Enbridge (ENB) Given Daily Coverage Optimism Score of -1.82

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Press coverage about Enbridge (TSE:ENB) (NYSE:ENB) has trended somewhat negative recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Enbridge earned a news sentiment score of -1.82 on their scale. InfoTrie also gave media coverage about the company an news buzz score of 9 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the near term.

Here are some of the media headlines that may have impacted Enbridge’s score:

ENB stock traded up C$0.17 during trading on Friday, reaching C$43.49. 13,574,100 shares of the stock were exchanged, compared to its average volume of 3,433,638. Enbridge has a twelve month low of C$37.36 and a twelve month high of C$51.04. The company has a debt-to-equity ratio of 90.87, a current ratio of 0.56 and a quick ratio of 0.42.

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Thursday, November 15th will be given a dividend of $0.671 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date is Wednesday, November 14th. Enbridge’s dividend payout ratio (DPR) is presently 175.80%.

ENB has been the topic of a number of recent analyst reports. CIBC dropped their price objective on Enbridge from C$57.00 to C$55.00 in a research note on Wednesday, October 24th. BMO Capital Markets dropped their price objective on Enbridge from C$60.00 to C$59.00 in a research note on Monday, November 5th. Royal Bank of Canada lifted their target price on Enbridge from C$54.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 7th. Wells Fargo & Co lifted their target price on Enbridge from C$54.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, TD Securities lifted their target price on Enbridge from C$54.00 to C$56.00 in a research report on Monday, November 5th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$54.00.

In related news, insider Bradley Francis Shamla sold 2,642 shares of Enbridge stock in a transaction dated Monday, November 5th. The stock was sold at an average price of C$42.00, for a total transaction of C$110,964.00.

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Enbridge Company Profile

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.

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