Insider Selling: Enbridge Inc. (TSE:ENB) Senior Officer Sells 688 Shares of Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Maximilian Chan sold 688 shares of Enbridge stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$55.20, for a total value of C$37,977.60.

Enbridge Trading Up 0.3 %

TSE:ENB opened at C$54.98 on Friday. Enbridge Inc. has a one year low of C$42.75 and a one year high of C$56.09. The business has a fifty day moving average price of C$53.00 and a 200-day moving average price of C$50.22. The firm has a market capitalization of C$119.86 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 0.75 and a beta of 0.90. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings results on Friday, August 2nd. The company reported C$0.58 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$11.34 billion during the quarter, compared to analysts’ expectations of C$5.86 billion. Sell-side analysts forecast that Enbridge Inc. will post 3.0459834 EPS for the current year.

Enbridge Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th were paid a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date was Thursday, August 15th. Enbridge’s payout ratio is 140.77%.

Analyst Ratings Changes

A number of brokerages have weighed in on ENB. Wells Fargo & Company boosted their target price on Enbridge from C$45.00 to C$48.00 in a research report on Tuesday, June 4th. BMO Capital Markets boosted their price objective on shares of Enbridge from C$54.00 to C$56.00 in a report on Thursday, September 5th. Scotiabank cut shares of Enbridge from a “strong-buy” rating to a “hold” rating in a report on Friday, June 14th. CIBC boosted their target price on shares of Enbridge from C$57.00 to C$59.00 in a research note on Monday, July 15th. Finally, National Bankshares increased their price target on Enbridge from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$54.33.

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.