Enbridge Inc. (TSE:ENB) Receives Average Recommendation of “Hold” from Analysts

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have been assigned a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and four have issued a buy rating 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$63.23.

A number of research firms have issued reports on ENB. JPMorgan Chase & Co. boosted their price objective on shares of Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. BMO Capital Markets boosted their target price on shares of Enbridge from C$59.00 to C$60.00 in a research report on Wednesday, December 4th. Barclays boosted their target price on shares of Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. Scotiabank boosted their target price on shares of Enbridge from C$61.00 to C$65.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Finally, TD Securities boosted their target price on shares of Enbridge from C$66.00 to C$67.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th.

Enbridge Stock Performance

TSE ENB opened at C$59.45 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The company has a market capitalization of C$128.84 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.72 and a beta of 0.90. Enbridge has a 12-month low of C$45.39 and a 12-month high of C$65.62. The firm has a 50-day moving average price of C$62.19 and a two-hundred day moving average price of C$58.48.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st will be paid a $0.9425 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date of this dividend is Friday, February 14th. Enbridge’s dividend payout ratio is currently 118.98%.

Insider Activity

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total transaction of C$66,293.64. Insiders own 0.10% of the company’s stock.

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.