Enbridge Inc. (TSE:ENB) Senior Officer Maximilian Chan Sells 688 Shares of Stock

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

Enbridge Stock Performance

Shares of TSE ENB opened at C$54.82 on Friday. The company has a 50 day simple moving average of C$52.88 and a two-hundred day simple moving average of C$50.17. The stock has a market cap of C$119.51 billion, a price-to-earnings ratio of 21.08, a PEG 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. Enbridge Inc. has a 12 month low of C$42.75 and a 12 month high of C$56.09.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its earnings results on Friday, August 2nd. The company reported C$0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.62 by C($0.04). The business had revenue of C$11.34 billion for the quarter, compared to analyst estimates of C$5.86 billion. Enbridge had a net margin of 13.54% and a return on equity of 8.57%. As a group, analysts predict that Enbridge Inc. will post 3.0693674 earnings per share for the current year.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were given a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 6.68%. The ex-dividend date of this dividend was Thursday, August 15th. Enbridge’s dividend payout ratio is currently 140.77%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ENB shares. CIBC raised their price target on Enbridge from C$57.00 to C$59.00 in a research note on Monday, July 15th. Scotiabank downgraded shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 14th. BMO Capital Markets increased their price objective on shares of Enbridge from C$54.00 to C$56.00 in a research note on Thursday, September 5th. Wells Fargo & Company lifted their price objective on shares of Enbridge from C$45.00 to C$48.00 in a research report on Tuesday, June 4th. Finally, JPMorgan Chase & Co. raised their price objective on Enbridge from C$56.00 to C$57.00 in a research report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Enbridge has a consensus rating of “Moderate Buy” and an average target price of C$54.33.

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.