Enbridge (TSE:ENB – Free Report) (NYSE:ENB) had its price target increased by JPMorgan Chase & Co. from C$55.00 to C$56.00 in a research report report published on Friday morning, BayStreet.CA reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Several other analysts have also weighed in on the company. Jefferies Financial Group boosted their price objective on Enbridge from C$53.00 to C$55.00 in a report on Monday, May 13th. Barclays lowered their price objective on Enbridge from C$53.00 to C$51.00 in a report on Thursday, March 7th. Stifel Nicolaus lowered their target price on Enbridge from C$52.00 to C$51.00 and set a hold rating for the company in a report on Thursday, April 25th. Royal Bank of Canada lowered their target price on Enbridge from C$55.00 to C$54.00 and set an outperform rating for the company in a report on Monday, February 12th. Finally, Scotiabank upped their target price on Enbridge from C$50.00 to C$54.00 and gave the company an outperform rating in a report on Monday, May 13th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of C$53.56.
View Our Latest Stock Report on Enbridge
Enbridge Stock Down 0.0 %
Enbridge Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be given a $0.915 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.66 dividend on an annualized basis and a yield of 7.31%. Enbridge’s dividend payout ratio (DPR) is 138.11%.
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.
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