Enbridge Inc. (ENB) To Go Ex-Dividend on November 15th

Enbridge Inc. (TSE:ENB) (NYSE:ENB) declared a quarterly dividend on Friday, November 15th,RTT News reports. Investors of record on Friday, November 15th will be paid a dividend of 0.915 per share on Sunday, December 1st. This represents a $3.66 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend is Friday, November 15th.

Enbridge Stock Performance

Shares of TSE ENB opened at C$58.77 on Wednesday. The stock has a fifty day moving average price of C$56.05 and a two-hundred day moving average price of C$52.31. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. The firm has a market cap of C$128.12 billion, a P/E ratio of 22.60, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a 1 year low of C$45.05 and a 1 year high of C$59.94.

Insider Transactions at Enbridge

In other news, Senior Officer Maximilian Chan sold 688 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total value of C$37,977.60. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on Enbridge from C$54.00 to C$56.00 in a research note on Thursday, September 5th. Raymond James increased their target price on Enbridge from C$54.00 to C$59.00 in a report on Tuesday, October 22nd. Royal Bank of Canada increased their target price on Enbridge from C$55.00 to C$59.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Barclays increased their target price on Enbridge from C$54.00 to C$59.00 in a report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on Enbridge from C$57.00 to C$60.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$57.54.

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.