Enbridge (TSE:ENB) Price Target Lowered to C$51.00 at Stifel Nicolaus

Enbridge (TSE:ENB) (NYSE:ENB) had its price target decreased by Stifel Nicolaus from C$52.00 to C$51.00 in a research report report published on Thursday morning, BayStreet.CA reports. Stifel Nicolaus currently has a hold rating on the stock.

ENB has been the topic of several other research reports. Jefferies Financial Group reduced their price objective on shares of Enbridge from C$54.00 to C$53.00 and set a buy rating on the stock in a research note on Wednesday, April 17th. National Bankshares lifted their price objective on shares of Enbridge from C$51.00 to C$52.00 in a research note on Thursday, March 7th. Barclays reduced their price objective on shares of Enbridge from C$53.00 to C$51.00 in a research note on Thursday, March 7th. Royal Bank of Canada reduced their price objective on shares of Enbridge from C$55.00 to C$54.00 and set an outperform rating on the stock in a research note on Monday, February 12th. Finally, ATB Capital set a C$56.00 target price on shares of Enbridge and gave the stock an outperform rating in a report 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 stock. According to data from MarketBeat, Enbridge currently has an average rating of Moderate Buy and an average price target of C$52.94.

Enbridge Stock Down 1.1 %

Shares of TSE ENB opened at C$48.96 on Thursday. The firm’s 50-day moving average is C$47.80 and its 200-day moving average is C$47.18. Enbridge has a 1 year low of C$42.75 and a 1 year high of C$54.05. The firm has a market capitalization of C$104.28 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 0.75 and a beta of 0.89. The company has a current ratio of 0.83, a quick ratio of 0.44 and a debt-to-equity ratio of 127.95.

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

Enbridge Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be issued a $0.915 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 7.48%. Enbridge’s dividend payout ratio (DPR) is presently 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.