Enbridge Inc. (TSE:ENB) Senior Officer Matthew Allan Akman Acquires 1,000 Shares

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Matthew Allan Akman purchased 1,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average price of C$61.24 per share, for a total transaction of C$61,240.00.

Enbridge Price Performance

ENB traded up C$0.53 during midday trading on Monday, hitting C$62.05. The company had a trading volume of 968,462 shares, compared to its average volume of 9,804,244. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The company has a market capitalization of C$134.48 billion, a PE ratio of 20.17, a P/E/G ratio of 1.72 and a beta of 0.90. Enbridge Inc. has a twelve month low of C$45.39 and a twelve month high of C$65.62. The firm’s 50-day simple moving average is C$62.36 and its 200-day simple moving average is C$59.31.

Enbridge Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st were given a $0.9425 dividend. This represents a $3.77 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio (DPR) is presently 118.98%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Securities boosted their price target on Enbridge from C$66.00 to C$67.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. boosted their price target on Enbridge from C$66.00 to C$69.00 in a research note on Thursday, December 5th. Scotiabank increased their price objective on Enbridge from C$61.00 to C$65.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. BMO Capital Markets boosted their target price on shares of Enbridge from C$59.00 to C$60.00 in a research note on Wednesday, December 4th. Finally, CIBC increased their target price on shares of Enbridge from C$66.00 to C$67.00 in a research report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$63.31.

Enbridge Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.