Enbridge (TSE:ENB) Stock Price Crosses Above Two Hundred Day Moving Average of $46.92

Enbridge Inc. (TSE:ENB) (NYSE:ENB)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$46.92 and traded as high as C$47.83. Enbridge shares last traded at C$47.07, with a volume of 7,848,469 shares changing hands.

Analysts Set New Price Targets

Several analysts have issued reports on the company. National Bankshares boosted their price target on Enbridge from C$51.00 to C$52.00 in a report on Thursday, March 7th. Royal Bank of Canada cut their price target on Enbridge from C$55.00 to C$54.00 and set an “outperform” rating for the company in a report on Monday, February 12th. Jefferies Financial Group boosted their price target on Enbridge from C$53.00 to C$54.00 and gave the company a “buy” rating in a report on Friday, March 8th. ATB Capital set a C$56.00 price target on Enbridge and gave the company an “outperform” rating in a report on Friday, January 5th. Finally, Stifel Nicolaus set a C$52.00 price objective on Enbridge and gave the company a “hold” rating in a research report on Thursday, January 18th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$53.65.

Enbridge Stock Down 0.4 %

The company has a debt-to-equity ratio of 127.95, a current ratio of 0.83 and a quick ratio of 0.44. The company has a market capitalization of C$100.26 billion, a PE ratio of 16.57, a P/E/G ratio of 0.75 and a beta of 0.89. The business has a 50-day moving average of C$47.52 and a 200 day moving average of C$46.92.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its earnings results on Friday, February 9th. The company reported C$0.64 EPS for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.04). The firm had revenue of C$11.30 billion during the quarter, compared to analysts’ expectations of C$12.99 billion. Enbridge had a return on equity of 9.47% and a net margin of 14.18%. Equities research analysts predict that Enbridge Inc. will post 2.8218695 earnings per share for the current year.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, March 1st were given a $0.915 dividend. This is an increase from Enbridge’s previous quarterly dividend of $0.89. This represents a $3.66 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date of this dividend was Wednesday, February 14th. Enbridge’s payout ratio is currently 128.87%.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.