Enbridge (TSE:ENB) Given New C$53.00 Price Target at Jefferies Financial Group

Enbridge (TSE:ENB) (NYSE:ENB) had its target price trimmed by Jefferies Financial Group from C$54.00 to C$53.00 in a research report released on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

ENB has been the subject of a number of other reports. Stifel Nicolaus set a C$52.00 price target on shares of Enbridge and gave the stock a hold rating in a research note on Thursday, January 18th. ATB Capital set a C$56.00 price target on shares of Enbridge and gave the stock an outperform rating in a research note on Friday, January 5th. Barclays decreased their price target on shares of Enbridge from C$53.00 to C$51.00 in a research note on Thursday, March 7th. National Bankshares increased their price target on shares of Enbridge from C$51.00 to C$52.00 in a research note on Thursday, March 7th. Finally, Royal Bank of Canada cut their price objective on shares of Enbridge from C$55.00 to C$54.00 and set an outperform rating on the stock in a report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$53.59.

Enbridge Stock Performance

Shares of TSE:ENB opened at C$45.89 on Wednesday. The company has a market cap of C$97.75 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 0.75 and a beta of 0.89. The company has a 50-day moving average price of C$47.48 and a 200-day moving average price of C$46.95. The company has a current ratio of 0.83, a quick ratio of 0.44 and a debt-to-equity ratio of 127.95. Enbridge has a 12 month low of C$42.75 and a 12 month high of C$54.05.

Enbridge (TSE:ENB) (NYSE:ENB) last released its quarterly earnings results on Friday, February 9th. The company reported C$0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.04). Enbridge had a return on equity of 9.47% and a net margin of 14.18%. The company had revenue of C$11.30 billion during the quarter, compared to the consensus estimate of C$12.99 billion. As a group, equities analysts anticipate that Enbridge will post 2.8389626 EPS for the current year.

Enbridge Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, March 1st were issued a dividend of $0.915 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.89. The ex-dividend date was Wednesday, February 14th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 7.98%. Enbridge’s dividend payout ratio is presently 128.87%.

About Enbridge

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.