Enbridge Inc. (TSE:ENB) Senior Officer Sells C$37,977.60 in Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Maximilian Chan sold 688 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total transaction of C$37,977.60.

Enbridge Trading Up 0.3 %

Shares of ENB stock opened at C$54.98 on Friday. The company has a market capitalization of C$119.86 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 0.75 and a beta of 0.90. The company has a current ratio of 0.76, a quick ratio of 0.44 and a debt-to-equity ratio of 131.26. The business’s 50 day moving average is C$53.00 and its two-hundred day moving average is C$50.24. Enbridge Inc. has a twelve month low of C$42.75 and a twelve month high of C$56.09.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings data on Friday, August 2nd. The company reported C$0.58 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.62 by C($0.04). The firm had revenue of C$11.34 billion during the quarter, compared to analysts’ expectations of C$5.86 billion. Enbridge had a net margin of 13.54% and a return on equity of 8.57%. Equities analysts forecast that Enbridge Inc. will post 3.0459834 EPS for the current year.

Enbridge Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th were paid a dividend of $0.915 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 6.66%. Enbridge’s dividend payout ratio (DPR) is 140.77%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ENB. JPMorgan Chase & Co. boosted their price target on shares of Enbridge from C$56.00 to C$57.00 in a research report on Wednesday, August 7th. CIBC lifted their target price on Enbridge from C$57.00 to C$59.00 in a research report on Monday, July 15th. BMO Capital Markets upped their target price on Enbridge from C$54.00 to C$56.00 in a research report on Thursday, September 5th. National Bankshares raised their price target on Enbridge from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company boosted their price objective on Enbridge from C$45.00 to C$48.00 in a research note on Tuesday, June 4th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$54.33.

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.