Enbridge (TSE:ENB) Price Target Raised to C$64.00 at Barclays

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective increased by Barclays from C$59.00 to C$64.00 in a research report released on Monday,BayStreet.CA reports.

A number of other brokerages have also commented on ENB. JPMorgan Chase & Co. lifted their price target on Enbridge from C$66.00 to C$69.00 in a research note on Thursday, December 5th. BMO Capital Markets boosted their target price on shares of Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating and raised their price target for the company from C$55.00 to C$58.00 in a research note on Monday, September 30th. Wells Fargo & Company boosted their price objective on shares of Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Finally, CIBC raised their target price on Enbridge from C$61.00 to C$63.00 in a research report on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Enbridge currently has a consensus rating of “Hold” and an average target price of C$61.08.

Enbridge Stock Down 1.0 %

Shares of ENB opened at C$61.61 on Monday. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. Enbridge has a 52 week low of C$45.05 and a 52 week high of C$62.75. The stock has a market capitalization of C$134.31 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 1.72 and a beta of 0.90. The stock has a fifty day moving average of C$59.62 and a 200-day moving average of C$55.18.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be paid a dividend of $0.9425 per share. This represents a $3.77 annualized dividend and a yield of 6.12%. This is a boost from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio (DPR) is currently 140.77%.

Insider Buying and Selling at Enbridge

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total transaction of C$66,293.64. Insiders own 0.10% of the company’s stock.

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.