Enbridge Inc. (TSE:ENB) Receives C$61.69 Average Price Target from Analysts

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has received an average rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$61.69.

ENB has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their target price on Enbridge from C$59.00 to C$63.00 in a research report on Wednesday, December 4th. JPMorgan Chase & Co. increased their price objective on shares of Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating and upped their price target for the stock from C$55.00 to C$58.00 in a research report on Monday, September 30th. Raymond James lifted their price objective on Enbridge from C$59.00 to C$63.00 in a report on Tuesday, November 26th. Finally, BMO Capital Markets increased their target price on Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th.

Enbridge Stock Up 0.2 %

ENB opened at C$64.60 on Wednesday. The company has a fifty day moving average of C$61.16 and a two-hundred day moving average of C$56.52. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. Enbridge has a fifty-two week low of C$45.05 and a fifty-two week high of C$65.62. The stock has a market capitalization of C$140.83 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.72 and a beta of 0.90.

Enbridge (TSE:ENB) (NYSE:ENB) last released its quarterly earnings results on Friday, November 1st. The company reported C$0.55 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.01). Enbridge had a return on equity of 8.57% and a net margin of 13.54%. During the same period last year, the firm posted $0.62 earnings per share. On average, research analysts expect that Enbridge will post 3.511912 earnings per share for the current year.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 14th will be issued a $0.9425 dividend. This is a boost from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 5.84%. Enbridge’s dividend payout ratio is presently 140.77%.

Insider Transactions at Enbridge

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total value of C$66,293.64. Insiders own 0.10% of the company’s stock.

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.