Enbridge (TSE:ENB) Given New C$53.00 Price Target at Jefferies Financial Group

Enbridge (TSE:ENB) (NYSE:ENB) had its target price trimmed by Jefferies Financial Group from C$54.00 to C$53.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also commented on ENB. ATB Capital set a C$56.00 price objective on Enbridge and gave the stock an outperform rating in a research note on Friday, January 5th. National Bankshares upped their target price on shares of Enbridge from C$51.00 to C$52.00 in a report on Thursday, March 7th. Barclays dropped their target price on shares of Enbridge from C$53.00 to C$51.00 in a report on Thursday, March 7th. Stifel Nicolaus set a C$52.00 target price on shares of Enbridge and gave the stock a hold rating in a report on Thursday, January 18th. Finally, Royal Bank of Canada dropped their target price on shares of Enbridge from C$55.00 to C$54.00 and set an outperform rating for the company in a report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of C$53.59.

Enbridge Trading Up 2.8 %

TSE:ENB opened at C$47.97 on Wednesday. The company has a debt-to-equity ratio of 127.95, a current ratio of 0.83 and a quick ratio of 0.44. The firm has a market capitalization of C$102.18 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 0.75 and a beta of 0.89. Enbridge has a one year low of C$42.75 and a one year high of C$54.05. The business has a fifty day moving average price of C$47.53 and a 200-day moving average price of C$46.97.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings data on Friday, February 9th. The company reported C$0.64 EPS for the quarter, missing the consensus estimate of C$0.68 by C($0.04). The company had revenue of C$11.30 billion during the quarter, compared to analysts’ expectations of C$12.99 billion. Enbridge had a return on equity of 9.47% and a net margin of 14.18%. Sell-side analysts forecast that Enbridge will post 2.8389626 EPS for the current year.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, March 1st were issued a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a dividend yield of 7.63%. The ex-dividend date was Wednesday, February 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.89. Enbridge’s dividend payout ratio is 128.87%.

About Enbridge

Enbridge Inc, together with its subsidiaries, 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.