Enbridge Inc. (ENB.TO) (TSE:ENB) Director Purchases C$409,400.00 in Stock


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Enbridge Inc. (ENB.TO) (TSE:ENB) (NYSE:ENB) Director Marcel R. Coutu acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 30th. The shares were bought at an average price of C$40.94 per share, for a total transaction of C$409,400.00. Following the completion of the acquisition, the director now owns 39,400 shares of the company’s stock, valued at C$1,613,036.

Shares of ENB stock opened at C$40.71 on Friday. The company has a market capitalization of C$82.45 billion and a price-to-earnings ratio of 42.41. The company has a debt-to-equity ratio of 99.57, a quick ratio of 0.41 and a current ratio of 0.55. The company has a 50-day simple moving average of C$40.98 and a 200 day simple moving average of C$40.85. Enbridge Inc. has a 52 week low of C$33.06 and a 52 week high of C$57.32.

Enbridge Inc. (ENB.TO) (TSE:ENB) (NYSE:ENB) last announced its earnings results on Friday, November 6th. The company reported C$0.48 EPS for the quarter, missing the consensus estimate of C$0.53 by C($0.05). The company had revenue of C$9.11 billion for the quarter. Sell-side analysts forecast that Enbridge Inc. will post 2.6400002 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 1st. Investors of record on Friday, February 12th will be issued a dividend of $0.835 per share. This is an increase from Enbridge Inc. (ENB.TO)’s previous quarterly dividend of $0.81. The ex-dividend date is Thursday, February 11th. This represents a $3.34 annualized dividend and a dividend yield of 8.20%. Enbridge Inc. (ENB.TO)’s payout ratio is presently 330.00%.

ENB has been the topic of several recent research reports. CSFB reiterated a “neutral” rating on shares of Enbridge Inc. (ENB.TO) in a research note on Wednesday, October 14th. CIBC lowered their price target on shares of Enbridge Inc. (ENB.TO) from C$48.00 to C$47.00 in a research note on Wednesday, December 9th. Wells Fargo & Company upgraded shares of Enbridge Inc. (ENB.TO) from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from C$44.00 to C$46.00 in a research note on Monday, November 30th. Tudor Pickering reiterated a “buy” rating and issued a C$50.00 price target on shares of Enbridge Inc. (ENB.TO) in a research note on Tuesday, December 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Enbridge Inc. (ENB.TO) in a research note on Wednesday, December 2nd. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$51.63.

About Enbridge Inc. (ENB.TO)

Enbridge Inc operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

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