Enbridge Inc. (TSE:ENB) Given Average Rating of “Moderate Buy” by Analysts

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

Several equities research analysts have recently commented on the stock. Echelon Wealth Partners lifted their price target on shares of Enbridge from C$67.00 to C$74.00 in a research report on Wednesday, April 23rd. Citigroup set a C$75.00 price target on shares of Enbridge and gave the stock a “buy” rating in a research report on Friday, April 4th. Raymond James Financial upgraded shares of Enbridge to a “moderate buy” rating in a report on Wednesday, April 23rd. Finally, BMO Capital Markets boosted their price objective on shares of Enbridge from C$60.00 to C$63.00 in a report on Monday, May 12th.

Enbridge Trading Up 0.3%

Shares of TSE ENB opened at C$62.10 on Wednesday. Enbridge has a 1-year low of C$48.88 and a 1-year high of C$65.62. The company has a market cap of C$134.58 billion, a PE ratio of 20.19, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. The company has a 50-day moving average of C$62.48 and a two-hundred day moving average of C$62.42.

Enbridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Sunday, June 1st were issued a $0.9425 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.77 annualized dividend and a dividend yield of 6.07%. Enbridge’s dividend payout ratio is currently 118.98%.

Insider Activity at Enbridge

In related news, Senior Officer Maximilian Chan sold 801 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of C$63.17, for a total value of C$50,599.17. 0.10% of the stock is currently owned by corporate insiders.

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.