Enbridge (TSE:ENB) Given New C$67.00 Price Target at TD Securities

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective boosted by TD Securities from C$66.00 to C$67.00 in a research note published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group lifted their price objective on shares of Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th. Morgan Stanley set a C$64.00 price objective on shares of Enbridge and gave the stock an “equal weight” rating in a research report on Friday, October 25th. CIBC lifted their price objective on shares of Enbridge from C$63.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Barclays lifted their price objective on shares of Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada boosted their price target on shares of Enbridge from C$63.00 to C$67.00 in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Enbridge presently has a consensus rating of “Hold” and a consensus target price of C$63.23.

Enbridge Price Performance

Enbridge stock opened at C$60.64 on Tuesday. The stock has a market cap of C$131.42 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a fifty day simple moving average of C$62.18 and a 200-day simple moving average of C$58.25. Enbridge has a 12-month low of C$45.39 and a 12-month high of C$65.62. 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 firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st will be paid a $0.9425 dividend. 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. This represents a $3.77 dividend on an annualized basis and a yield of 6.22%. Enbridge’s payout ratio is currently 118.98%.

Insider Buying and Selling at Enbridge

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction 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 currently owned by company 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.