Cynthia Lynn Hansen Sells 1,106 Shares of Enbridge Inc. (TSE:ENB) Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total transaction of C$66,293.64.

Enbridge Price Performance

ENB stock opened at C$60.09 on Thursday. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. The firm has a 50 day moving average price of C$58.96 and a 200-day moving average price of C$54.39. Enbridge Inc. has a 52-week low of C$45.05 and a 52-week high of C$61.99. The firm has a market capitalization of C$131.00 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.72 and a beta of 0.90.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.9425 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 dividend on an annualized basis and a yield of 6.27%. Enbridge’s payout ratio is presently 140.77%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ENB shares. Jefferies Financial Group cut Enbridge from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$55.00 to C$58.00 in a report on Monday, September 30th. Scotiabank raised their price target on Enbridge from C$57.00 to C$61.00 in a research note on Wednesday, December 4th. Royal Bank of Canada boosted their price objective on shares of Enbridge from C$59.00 to C$63.00 in a research report on Wednesday, December 4th. Raymond James raised their target price on shares of Enbridge from C$59.00 to C$63.00 in a research report on Tuesday, November 26th. Finally, Morgan Stanley set a C$64.00 target price on shares of Enbridge and gave the company an “equal weight” rating in a research note on Friday, October 25th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$60.31.

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.