Enbridge (TSE:ENB) Given New C$67.00 Price Target at Raymond James

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective increased by Raymond James from C$65.00 to C$67.00 in a report published on Tuesday,BayStreet.CA reports.

A number of other brokerages have also issued reports on ENB. Wells Fargo & Company increased their price target on Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Barclays increased their price target on Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. CIBC raised their price objective on Enbridge from C$63.00 to C$66.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Jefferies Financial Group raised their price objective on Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th. Finally, BMO Capital Markets raised their price objective on Enbridge from C$59.00 to C$60.00 in a research report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Enbridge presently has an average rating of “Hold” and a consensus price target of C$63.23.

Enbridge Trading Down 0.7 %

Shares of ENB stock opened at C$60.64 on Tuesday. Enbridge has a 52-week low of C$45.39 and a 52-week high of C$65.62. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The firm has a market capitalization of C$131.42 billion, a PE ratio of 19.71, a PEG ratio of 1.72 and a beta of 0.90. The stock has a fifty day simple moving average of C$62.18 and a two-hundred day simple moving average of C$58.25.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st will be given a dividend of $0.9425 per share. This represents a $3.77 annualized dividend and a dividend yield of 6.22%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s payout ratio is 118.98%.

Insider Buying and Selling at Enbridge

In other Enbridge 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 stock was sold at an average price of C$59.94, for a total transaction of C$66,293.64. Company insiders own 0.10% of the company’s stock.

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.