Enbridge Inc. (TSE:ENB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$73.31.

A number of analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce dropped their target price on shares of Enbridge from C$71.00 to C$69.00 in a research report on Wednesday, December 17th. TD Securities cut shares of Enbridge from a “buy” rating to a “hold” rating and lifted their price target for the company from C$70.00 to C$72.00 in a research report on Tuesday, February 17th. Raymond James Financial boosted their price objective on shares of Enbridge from C$75.00 to C$77.00 and gave the stock a “moderate buy” rating in a research note 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 research report on Tuesday, February 17th. Finally, National Bank Financial raised their target price 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.

Enbridge Price Performance

ENB stock opened at C$73.32 on Monday. The company has a market cap of C$160.01 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 1.72 and a beta of 1.00. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 170.86. The stock has a 50-day moving average price of C$69.82 and a two-hundred day moving average price of C$67.78. Enbridge has a 12-month low of C$56.51 and a 12-month high of C$74.88.

Enbridge (TSE:ENB) (NYSE:ENB) last released its quarterly earnings data on Friday, February 13th. The company reported C$0.88 EPS for the quarter. The company had revenue of C$17.18 billion for the quarter. Enbridge had a return on equity of 12.34% and a net margin of 11.50%. As a group, research analysts predict that Enbridge will post 3.511912 EPS for the current year.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Sunday, March 1st were issued a $0.97 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.88 annualized dividend and a yield of 5.3%. This is an increase from Enbridge’s previous quarterly dividend of $0.94. Enbridge’s payout ratio is currently 117.08%.

Enbridge Company Profile

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.