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

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has received an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$73.31.

Several equities research analysts have recently weighed in on ENB shares. Raymond James Financial increased their price objective on Enbridge from C$75.00 to C$77.00 and gave the company a “moderate buy” rating in a report on Tuesday, February 17th. National Bank Financial increased their price objective on shares of Enbridge from C$71.00 to C$72.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Scotiabank lifted their price objective on Enbridge from C$73.00 to C$77.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. ATB Cormark Capital Markets increased their price objective on shares of Enbridge from C$72.00 to C$78.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada upped their price objective on Enbridge from C$72.00 to C$76.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th.

Enbridge Price Performance

Shares of ENB opened at C$71.69 on Thursday. The firm’s fifty day simple moving average is C$66.80 and its 200-day simple moving average is C$66.87. The firm has a market capitalization of C$156.42 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 1.72 and a beta of 0.95. Enbridge has a twelve month low of C$56.51 and a twelve month high of C$73.71. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its earnings results on Friday, February 13th. The company reported C$0.88 earnings per share for the quarter. The business had revenue of C$17.18 billion for the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%. Equities analysts forecast that Enbridge will post 3.511912 EPS for the current fiscal year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Sunday, March 1st will be paid a dividend of $0.97 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.94. This represents a $3.88 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Tuesday, February 17th. Enbridge’s payout ratio is 117.08%.

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.