Enbridge Inc. (TSE:ENB) Receives Consensus Rating of “Hold” from Analysts

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has earned a consensus rating of “Hold” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$53.63.

Several equities analysts recently issued reports on the company. Stifel Nicolaus decreased their price objective on Enbridge from C$52.00 to C$51.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. National Bankshares upped their price target on Enbridge from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Monday, May 13th. BMO Capital Markets upped their price target on Enbridge from C$52.00 to C$54.00 and gave the stock a “market perform” rating in a research report on Monday, May 13th. Jefferies Financial Group upped their price target on Enbridge from C$53.00 to C$55.00 in a research report on Monday, May 13th. Finally, CIBC upped their price target on Enbridge from C$57.00 to C$59.00 in a research report on Monday, July 15th.

Enbridge Price Performance

Shares of ENB opened at C$52.61 on Wednesday. The company has a debt-to-equity ratio of 130.31, a quick ratio of 0.44 and a current ratio of 0.68. The stock has a 50 day simple moving average of C$49.25 and a 200 day simple moving average of C$48.56. Enbridge has a 52-week low of C$42.75 and a 52-week high of C$52.67. The firm has a market capitalization of C$112.06 billion, a PE ratio of 19.93, a P/E/G ratio of 0.75 and a beta of 0.88.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Friday, May 10th. The company reported C$0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.81 by C$0.11. Enbridge had a return on equity of 8.70% and a net margin of 13.81%. The business had revenue of C$11.04 billion during the quarter, compared to analyst estimates of C$12.24 billion. Sell-side analysts predict that Enbridge will post 2.8613689 EPS for the current fiscal year.

Enbridge Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date of this dividend is Thursday, August 15th. Enbridge’s dividend payout ratio is currently 138.64%.

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.