Enbridge Inc (NYSE:ENB) (TSE:ENB) announced a quarterly dividend on Tuesday, January 10th. Investors of record on Wednesday, February 15th will be given a dividend of 0.4383 per share on Wednesday, March 1st. This represents a $1.75 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Monday, February 13th. This is an increase from Enbridge’s previous quarterly dividend of $0.40.
Enbridge (NYSE:ENB) traded down 1.45% during mid-day trading on Tuesday, hitting $42.82. The company had a trading volume of 2,280,845 shares. The firm has a market cap of $40.19 billion, a P/E ratio of 28.85 and a beta of 0.60. Enbridge has a 52-week low of $27.43 and a 52-week high of $45.77. The stock’s 50 day moving average price is $42.47 and its 200 day moving average price is $42.30.
Enbridge (NYSE:ENB) last released its earnings results on Thursday, November 3rd. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.02. Enbridge had a return on equity of 14.67% and a net margin of 5.99%. During the same period in the prior year, the company posted $0.47 EPS. On average, equities research analysts predict that Enbridge will post $1.77 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of ENB. American Century Companies Inc. purchased a new position in shares of Enbridge during the second quarter worth about $8,818,000. SL Advisors LLC purchased a new position in shares of Enbridge during the second quarter worth about $3,151,000. Dimensional Fund Advisors LP raised its position in shares of Enbridge by 11.1% in the second quarter. Dimensional Fund Advisors LP now owns 166,068 shares of the company’s stock worth $7,035,000 after buying an additional 16,563 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Enbridge by 26,685.9% in the second quarter. BlackRock Fund Advisors now owns 626,255 shares of the company’s stock worth $26,528,000 after buying an additional 623,917 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Enbridge by 9.0% in the second quarter. US Bancorp DE now owns 9,626 shares of the company’s stock worth $408,000 after buying an additional 793 shares during the last quarter. Hedge funds and other institutional investors own 71.51% of the company’s stock.
A number of research analysts have commented on the company. Zacks Investment Research downgraded Enbridge from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 8th. Macquarie reaffirmed a “buy” rating on shares of Enbridge in a report on Thursday, December 1st. Scotiabank reaffirmed an “outperform” rating and set a $61.00 target price on shares of Enbridge in a report on Sunday, November 6th. Finally, TD Securities reaffirmed a “buy” rating and set a $62.00 target price on shares of Enbridge in a report on Sunday, November 6th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Enbridge presently has an average rating of “Buy” and a consensus price target of $56.92.
Enbridge Company Profile
Enbridge Inc (Enbridge) is an energy transportation and distribution company. The Company operates through five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. The Company operates the crude oil and liquids transportation system in Canada and the United States.
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