Enbridge (TSE:ENB) Price Target Cut to C$51.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective decreased by Stifel Nicolaus from C$52.00 to C$51.00 in a report published on Thursday morning, BayStreet.CA reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other brokerages also recently issued reports on ENB. Barclays decreased their price target on Enbridge from C$53.00 to C$51.00 in a report on Thursday, March 7th. ATB Capital set a C$56.00 target price on Enbridge and gave the stock an outperform rating in a research note on Friday, January 5th. National Bankshares increased their price objective on Enbridge from C$51.00 to C$52.00 in a research note on Thursday, March 7th. Royal Bank of Canada reduced their price objective on Enbridge from C$55.00 to C$54.00 and set an outperform rating for the company in a research note on Monday, February 12th. Finally, Jefferies Financial Group cut their target price on Enbridge from C$54.00 to C$53.00 and set a buy rating for the company in a research note on Wednesday, April 17th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Enbridge has an average rating of Moderate Buy and a consensus price target of C$52.94.

Enbridge Trading Up 1.4 %

Enbridge stock opened at C$49.52 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.83 and a debt-to-equity ratio of 127.95. Enbridge has a 52 week low of C$42.75 and a 52 week high of C$54.05. The company has a market capitalization of C$105.48 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 0.75 and a beta of 0.89. The stock has a 50-day moving average price of C$47.75 and a 200 day moving average price of C$47.12.

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

Enbridge Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date of this dividend is Tuesday, May 14th. Enbridge’s dividend payout ratio (DPR) is 128.87%.

Enbridge Company Profile

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.