Enbridge Inc. (TSE:ENB) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have received an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$75.33.

A number of analysts have issued reports on the company. TD raised their target price on Enbridge from C$73.00 to C$79.00 and gave the company a “hold” rating in a report on Tuesday, May 26th. Barclays raised their target price on Enbridge from C$68.00 to C$73.00 in a report on Tuesday, April 7th. ATB Cormark Capital Markets raised their target price on Enbridge from C$72.00 to C$78.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Jefferies Financial Group lowered Enbridge from a “buy” rating to a “hold” rating and raised their target price for the company from C$71.00 to C$76.00 in a report on Tuesday, February 17th. Finally, TD Securities downgraded Enbridge from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$70.00 to C$72.00 in a research report on Tuesday, February 17th.

Enbridge Stock Performance

TSE:ENB opened at C$78.85 on Friday. Enbridge has a 1 year low of C$59.68 and a 1 year high of C$80.65. The firm’s fifty day simple moving average is C$75.38 and its 200 day simple moving average is C$70.94. The company has a current ratio of 0.81, a quick ratio of 0.44 and a debt-to-equity ratio of 168.58. The firm has a market capitalization of C$172.18 billion, a PE ratio of 26.73, a PEG ratio of 1.72 and a beta of 0.74.

Enbridge (TSE:ENB) (NYSE:ENB) last released its earnings results on Friday, May 8th. The company reported C$0.98 earnings per share (EPS) for the quarter. The firm had revenue of C$22.36 billion for the quarter. Enbridge had a return on equity of 11.11% and a net margin of 9.43%. On average, sell-side analysts anticipate that Enbridge will post 3.511912 EPS for the current year.

Enbridge Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, June 1st were given a $0.97 dividend. The ex-dividend date was Friday, May 15th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.9%. Enbridge’s dividend payout ratio (DPR) is currently 128.73%.

Insider Buying and Selling

In other Enbridge news, insider Melissa Marie Laforge sold 855 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$80.16, for a total value of C$68,536.80. Following the completion of the sale, the insider owned 7,904 shares in the company, valued at approximately C$633,584.64. This trade represents a 9.76% decrease in their position. Also, Director Mayank Mulraj Ashar sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of C$78.87, for a total value of C$236,610.00. Following the completion of the sale, the director owned 42,000 shares of the company’s stock, valued at C$3,312,540. This represents a 6.67% decrease in their position. Insiders sold a total of 8,855 shares of company stock valued at $695,547 in the last quarter. Corporate insiders own 0.10% of the company’s stock.

Enbridge Company Profile

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.