Enbridge (ENB) Projected to Post Earnings on Friday

Enbridge (NYSE:ENB) (TSE:ENB) will likely be issuing its quarterly earnings data before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $0.52 per share and revenue of $7.70 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Enbridge Stock Down 0.2 %

Shares of Enbridge stock opened at $45.15 on Thursday. Enbridge has a 52-week low of $32.85 and a 52-week high of $45.78. The firm’s 50 day moving average price is $43.27 and its 200-day moving average price is $41.60. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.41. The company has a market cap of $98.36 billion, a P/E ratio of 20.90, a PEG ratio of 4.08 and a beta of 0.94.

Enbridge Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.68 dividend on an annualized basis and a yield of 5.94%. Enbridge’s dividend payout ratio is currently 121.76%.

Wall Street Analyst Weigh In

Several analysts recently commented on ENB shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $63.00 target price (up from $59.00) on shares of Enbridge in a report on Wednesday, December 4th. Morgan Stanley initiated coverage on Enbridge in a report on Friday, October 25th. They issued an “equal weight” rating for the company. TD Securities started coverage on Enbridge in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company upgraded Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.00.

About Enbridge

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.