Enbridge Inc. (TSE:ENB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has earned an average rating of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$77.62.

A number of research analysts have weighed in on the company. TD Securities upgraded Enbridge from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. Canadian Imperial Bank of Commerce raised Enbridge from a “hold” rating to an “outperformer” rating and lifted their price target for the stock from C$77.00 to C$78.00 in a research report on Friday, August 28th. US Capital Advisors upgraded shares of Enbridge from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 20th. TD raised shares of Enbridge from a “hold” rating to a “buy” rating and cut their price objective for the company from C$82.00 to C$81.00 in a research report on Tuesday. Finally, BMO Capital Markets upgraded shares of Enbridge from a “hold” rating to an “outperform” rating and raised their price objective for the company from C$79.00 to C$79.50 in a research note on Tuesday.

Insider Buying and Selling

In related news, Director Gregory Lorne Ebel acquired 7,105 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was purchased at an average cost of C$66.85 per share, with a total value of C$474,969.25. Following the completion of the acquisition, the director directly owned 589,721 shares of the company’s stock, valued at approximately C$39,422,848.85. This trade represents a 1.22% increase in their ownership of the stock. Insiders own 0.10% of the company’s stock.

Enbridge Stock Down 0.1%

TSE ENB opened at C$68.14 on Monday. The stock has a market capitalization of C$148.83 billion, a PE ratio of 26.31, a PEG ratio of 1.72 and a beta of 0.69. Enbridge has a 1 year low of C$62.42 and a 1 year high of C$80.65. The business’s 50-day moving average is C$72.61 and its 200 day moving average is C$74.61. The company has a debt-to-equity ratio of 171.59, a current ratio of 0.72 and a quick ratio of 0.44.

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

Enbridge Announces Dividend

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