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

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have earned a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$62.54.

A number of brokerages recently issued reports on ENB. JPMorgan Chase & Co. boosted their target price on shares of Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th. Scotiabank boosted their target price on shares of Enbridge from C$61.00 to C$65.00 and gave the stock a “sector perform” rating in a research report on Thursday. Barclays boosted their price target on shares of Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. Wells Fargo & Company boosted their price target on shares of Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. Finally, Morgan Stanley set a C$64.00 price target on shares of Enbridge and gave the company an “equal weight” rating in a report on Friday, October 25th.

Insider Buying and Selling

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the company’s 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. 0.10% of the stock is owned by corporate insiders.

Enbridge Trading Down 5.5 %

Shares of ENB stock opened at C$61.08 on Friday. Enbridge has a 1 year low of C$45.08 and a 1 year high of C$65.62. The firm’s fifty day simple moving average is C$62.16 and its 200 day simple moving average is C$58.12. The firm has a market capitalization of C$132.37 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st will be issued a $0.9425 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.77 annualized dividend and a dividend yield of 6.17%. Enbridge’s dividend payout ratio is presently 118.98%.

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.