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

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$66.00.

ENB has been the topic of a number of research analyst reports. Echelon Wealth Partners raised their price target on shares of Enbridge from C$67.00 to C$74.00 in a research note on Wednesday, April 23rd. BMO Capital Markets raised their target price on shares of Enbridge from C$60.00 to C$63.00 in a research report on Monday, May 12th. Raymond James Financial upgraded shares of Enbridge to a “moderate buy” rating in a research report on Wednesday, April 23rd. Citigroup set a C$75.00 price objective on Enbridge and gave the company a “buy” rating in a report on Friday, April 4th. Finally, CIBC raised their price objective on Enbridge from C$66.00 to C$67.00 in a report on Wednesday, March 5th.

Enbridge Stock Performance

TSE:ENB opened at C$61.53 on Friday. The stock’s 50-day simple moving average is C$63.23 and its 200 day simple moving average is C$62.25. Enbridge has a twelve month low of C$47.42 and a twelve month high of C$65.62. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The firm has a market capitalization of C$133.35 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90.

Enbridge Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Sunday, June 1st were issued a dividend of $0.9425 per share. This represents a $3.77 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend was Thursday, May 15th. Enbridge’s payout ratio is presently 118.98%.

Insiders Place Their Bets

In other news, Senior Officer Maximilian Chan sold 801 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$63.17, for a total value of C$50,599.17. Company insiders own 0.10% of the company’s stock.

About Enbridge

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.