Separately, TD Securities lifted their price target on Enbridge from C$62.00 to C$64.00 and gave the stock a buy rating in a report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of C$63.66.
Shares of Enbridge (TSE:ENB) traded down C$0.06 during mid-day trading on Tuesday, reaching C$46.79. The company’s stock had a trading volume of 1,813,185 shares, compared to its average volume of 2,210,000. Enbridge has a 12 month low of C$46.61 and a 12 month high of C$58.56.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.61 per share. The ex-dividend date is Tuesday, November 14th. This represents a $2.44 annualized dividend and a dividend yield of 5.21%.
In related news, Director Albert Monaco acquired 9,356 shares of Enbridge stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average cost of C$50.02 per share, for a total transaction of C$467,987.12. Also, Director Gregory Lorne Ebel sold 25,820 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of C$41.49, for a total transaction of C$1,071,271.80. In the last quarter, insiders have bought 10,056 shares of company stock worth $502,753 and have sold 101,299 shares worth $4,894,048.
Enbridge Company Profile
Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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