Enbridge (TSE:ENB) PT Lowered to C$53.00 at Jefferies Financial Group

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

Other equities analysts have also issued reports about the company. Royal Bank of Canada reduced their target price on Enbridge from C$55.00 to C$54.00 and set an outperform rating for the company in a report on Monday, February 12th. Barclays reduced their target price on Enbridge from C$53.00 to C$51.00 in a report on Thursday, March 7th. National Bankshares upped their target price on Enbridge from C$51.00 to C$52.00 in a report on Thursday, March 7th. Stifel Nicolaus set a C$52.00 price objective on Enbridge and gave the company a hold rating in a research note on Thursday, January 18th. Finally, ATB Capital set a C$56.00 price objective on Enbridge and gave the company an outperform rating in a research note on Friday, January 5th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of C$53.59.

Enbridge Stock Performance

Shares of ENB opened at C$47.97 on Wednesday. The company has a debt-to-equity ratio of 127.95, a quick ratio of 0.44 and a current ratio of 0.83. The stock has a 50 day moving average price of C$47.53 and a two-hundred day moving average price of C$46.97. The firm has a market capitalization of C$102.18 billion, a P/E ratio of 16.89, a P/E/G ratio of 0.75 and a beta of 0.89. Enbridge has a 52 week low of C$42.75 and a 52 week high of C$54.05.

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

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, March 1st were paid a dividend of $0.915 per share. This is a positive change from Enbridge’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $3.66 annualized dividend and a yield of 7.63%. Enbridge’s dividend payout ratio (DPR) is currently 128.87%.

Enbridge Company Profile

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.