Enbridge Inc. (TSE:ENB) Given Average Recommendation of “Hold” by Brokerages

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$63.23.

A number of equities research analysts have recently issued reports on ENB shares. Wells Fargo & Company boosted their target price on shares of Enbridge from C$57.00 to C$60.00 in a research report on Thursday, December 5th. CIBC boosted their price target on Enbridge from C$63.00 to C$66.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Royal Bank of Canada boosted their price target on Enbridge from C$63.00 to C$67.00 in a research note on Tuesday. Barclays boosted their price target on Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group boosted their price target on Enbridge from C$59.00 to C$65.00 in a research note on Thursday, January 30th.

Insider Activity at Enbridge

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

Enbridge Trading Down 1.2 %

Shares of Enbridge stock opened at C$59.46 on Friday. The firm has a 50-day moving average of C$62.19 and a 200-day moving average of C$58.38. The stock has a market cap of C$128.86 billion, a PE ratio of 19.33, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a 52-week low of C$45.39 and a 52-week high of C$65.62. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Saturday, March 1st will be issued a $0.9425 dividend. The ex-dividend date is Friday, February 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 6.34%. Enbridge’s dividend payout ratio is presently 118.98%.

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.