Enbridge Inc. (TSE:ENB) Given Consensus Recommendation of “Hold” by Analysts

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$65.79.

Several research analysts have weighed in on ENB shares. Raymond James raised Enbridge to a “moderate buy” rating in a research report on Wednesday, April 23rd. Royal Bank of Canada increased their price target on shares of Enbridge from C$63.00 to C$67.00 in a research report on Tuesday, February 18th. Jefferies Financial Group lifted their price objective on shares of Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th. Barclays increased their target price on shares of Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. Finally, Scotiabank lifted their price target on shares of Enbridge from C$61.00 to C$65.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th.

Enbridge Price Performance

Enbridge stock opened at C$64.41 on Friday. Enbridge has a 52 week low of C$47.41 and a 52 week high of C$65.62. The company’s 50 day moving average price is C$61.97 and its two-hundred day moving average price is C$61.08. The stock has a market cap of C$139.59 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86.

Enbridge Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be issued a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date is Thursday, May 15th. Enbridge’s dividend payout ratio (DPR) is presently 118.98%.

Insider Buying and Selling

In other news, Senior Officer Matthew Allan Akman bought 1,000 shares of Enbridge stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of C$61.24 per share, with a total value of C$61,240.00. Also, Senior Officer Michele Eva Harradence purchased 5,857 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of C$62.53 per share, with a total value of C$366,238.21. 0.10% of the stock is currently owned by company insiders.

Enbridge Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.