Enbridge Inc. (TSE:ENB) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$54.33.

A number of brokerages have recently issued reports on ENB. CIBC boosted their target price on Enbridge from C$57.00 to C$59.00 in a research report on Monday, July 15th. JPMorgan Chase & Co. upped their price objective on shares of Enbridge from C$56.00 to C$57.00 in a research note on Wednesday, August 7th. Scotiabank downgraded shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 14th. Wells Fargo & Company boosted their price target on shares of Enbridge from C$45.00 to C$48.00 in a report on Tuesday, June 4th. Finally, National Bankshares raised their price objective on shares of Enbridge from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd.

Enbridge Price Performance

Shares of Enbridge stock opened at C$55.42 on Thursday. Enbridge has a 52 week low of C$42.75 and a 52 week high of C$56.09. The company has a current ratio of 0.76, a quick ratio of 0.44 and a debt-to-equity ratio of 131.26. The company’s 50-day moving average price is C$53.24 and its two-hundred day moving average price is C$50.36. The stock has a market cap of C$120.82 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.75 and a beta of 0.90.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings results on Friday, August 2nd. The company reported C$0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.62 by C($0.04). Enbridge had a return on equity of 8.57% and a net margin of 13.54%. The business had revenue of C$11.34 billion during the quarter, compared to analyst estimates of C$5.86 billion. As a group, sell-side analysts anticipate that Enbridge will post 3.0459834 EPS for the current fiscal year.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th were paid a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date was Thursday, August 15th. Enbridge’s dividend payout ratio (DPR) is presently 140.77%.

Insider Activity at Enbridge

In other news, Director Steven Walter Williams bought 18,600 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of C$53.74 per share, with a total value of C$999,564.00. In related news, Senior Officer Maximilian Chan sold 688 shares of Enbridge stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total value of C$37,977.60. Also, Director Steven Walter Williams bought 18,600 shares of the stock in a transaction on Tuesday, August 13th. The shares were acquired at an average cost of C$53.74 per share, for a total transaction of C$999,564.00. 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.