Enbridge Inc. (TSE:ENB) Given Consensus Recommendation of “Hold” by Brokerages

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has earned a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$60.31.

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th. Barclays lifted their target price on shares of Enbridge from C$54.00 to C$59.00 in a report on Monday, November 11th. Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating and increased their price target for the stock from C$55.00 to C$58.00 in a report on Monday, September 30th. Raymond James lifted their price objective on shares of Enbridge from C$59.00 to C$63.00 in a report on Tuesday, November 26th. Finally, Morgan Stanley set a C$64.00 target price on shares of Enbridge and gave the stock an “equal weight” rating in a research note on Friday, October 25th.

Enbridge Trading Up 0.3 %

Shares of TSE:ENB opened at C$60.30 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26. Enbridge has a 52-week low of C$45.05 and a 52-week high of C$61.99. The stock has a market cap of C$131.45 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.72 and a beta of 0.90. The business has a 50-day moving average price of C$59.13 and a 200-day moving average price of C$54.61.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be issued a $0.9425 dividend. This is a boost from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 dividend on an annualized basis and a yield of 6.25%. Enbridge’s dividend payout ratio is currently 140.77%.

Insiders Place Their Bets

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were 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 insiders.

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.