Enbridge Inc. (TSE:ENB) Receives Consensus Rating of “Hold” from Analysts

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has been given an average rating of “Hold” by the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$60.31.

Several research analysts have weighed in on the company. Scotiabank increased their price objective on Enbridge from C$57.00 to C$61.00 in a research report on Wednesday, December 4th. Barclays raised their price target on shares of Enbridge from C$54.00 to C$59.00 in a research report on Monday, November 11th. Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$55.00 to C$58.00 in a report on Monday, September 30th. Wells Fargo & Company raised their target price on shares of Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. Finally, 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.

Enbridge Stock Performance

TSE:ENB opened at C$61.01 on Friday. The stock has a 50 day simple moving average of C$59.32 and a 200 day simple moving average of C$54.85. The stock has a market cap of C$133.00 billion, a P/E ratio of 23.47, 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$61.99. The company has a current ratio of 0.76, a quick ratio of 0.44 and a debt-to-equity ratio of 131.26.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.9425 per share. This represents a $3.77 dividend on an annualized basis and a dividend yield of 6.18%. This is a boost from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s payout ratio is 140.77%.

Insider Buying and Selling

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the stock in a transaction 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 owned by corporate insiders.

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.