Enbridge (TSE:ENB) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Enbridge (TSE:ENB) (NYSE:ENB) from a sector perform rating to an outperform rating in a report issued on Tuesday morning, MarketBeat reports. The brokerage currently has C$82.00 price target on the stock, up from their previous price target of C$81.00.

A number of other research analysts also recently issued reports on ENB. ATB Cormark Capital Markets boosted their price target on shares of Enbridge from C$83.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Tuesday. TD increased their price objective on shares of Enbridge from C$79.00 to C$81.00 and gave the stock a “hold” rating in a research report on Thursday, June 25th. Scotiabank lifted their target price on shares of Enbridge from C$78.00 to C$84.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 21st. BMO Capital Markets upgraded shares of Enbridge from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$79.00 to C$79.50 in a report on Tuesday. Finally, Raymond James Financial upped their price target on shares of Enbridge from C$79.00 to C$80.00 and gave the company a “market perform” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$77.62.

Enbridge Price Performance

Shares of ENB opened at C$68.18 on Tuesday. Enbridge has a 1 year low of C$62.42 and a 1 year high of C$80.65. The company has a debt-to-equity ratio of 171.59, a current ratio of 0.72 and a quick ratio of 0.44. The company has a market capitalization of C$148.91 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.72 and a beta of 0.69. The business has a 50-day moving average of C$72.79 and a 200-day moving average of C$74.66.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its earnings results on Friday, July 31st. The company reported C$0.63 EPS for the quarter. The business had revenue of C$29.32 billion for the quarter. Enbridge had a return on equity of 10.01% and a net margin of 7.28%. As a group, equities research analysts anticipate that Enbridge will post 3.511912 earnings per share for the current year.

Enbridge Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.88 annualized dividend and a yield of 5.7%. Enbridge’s payout ratio is 147.68%.

About Enbridge

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.