Insider Buying: Enbridge Inc. (TSE:ENB) Senior Officer Buys C$61,240.00 in Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Matthew Allan Akman acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average price of C$61.24 per share, with a total value of C$61,240.00.

Enbridge Stock Up 1.0 %

ENB stock opened at C$62.67 on Thursday. The business’s 50 day simple moving average is C$62.34 and its 200 day simple moving average is C$59.41. Enbridge Inc. has a 1-year low of C$45.39 and a 1-year high of C$65.62. The firm has a market capitalization of C$135.82 billion, a PE ratio of 20.37, a PEG 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 business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st were given a $0.9425 dividend. The ex-dividend date was Friday, February 14th. This is a positive change from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a dividend yield of 6.02%. Enbridge’s dividend payout ratio is presently 118.98%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Jefferies Financial Group raised their target price on shares of Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th. Scotiabank boosted their price target 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, February 13th. Raymond James raised their price objective on Enbridge from C$65.00 to C$67.00 in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upped their target price on Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$63.31.

Enbridge Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.