Enbridge Inc. (ENB) To Go Ex-Dividend on February 14th

Enbridge Inc. (TSE:ENB) (NYSE:ENB) declared a quarterly dividend on Friday, February 14th,RTT News reports. Stockholders of record on Saturday, March 1st will be given a dividend of 0.9425 per share on Saturday, March 1st. This represents a $3.77 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Friday, February 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.92.

Enbridge Price Performance

Enbridge stock opened at C$64.69 on Wednesday. The company has a market cap of C$141.02 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 1.72 and a beta of 0.90. The firm’s fifty day moving average is C$61.97 and its 200 day moving average is C$57.80. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26. Enbridge has a 52-week low of C$45.05 and a 52-week high of C$65.62.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley set a C$64.00 target price on shares of Enbridge and gave the company an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their price target on shares of Enbridge from C$59.00 to C$63.00 in a report on Wednesday, December 4th. Raymond James upped their price target on shares of Enbridge from C$59.00 to C$63.00 in a report on Tuesday, November 26th. Wells Fargo & Company upped their price target on shares of Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. Finally, BMO Capital Markets upped their price target on shares of Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Enbridge currently has an average rating of “Hold” and a consensus price target of C$62.23.

Insider Transactions 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 transaction of C$66,293.64. Corporate 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.