Enbridge (TSE:ENB) Given New C$69.00 Price Target at JPMorgan Chase & Co.

Enbridge (TSE:ENB) (NYSE:ENB) had its target price lifted by JPMorgan Chase & Co. from C$66.00 to C$69.00 in a research report released on Thursday morning,BayStreet.CA reports.

Several other research analysts also recently weighed in on the stock. Scotiabank boosted their target price on shares of Enbridge from C$57.00 to C$61.00 in a research note on Wednesday. Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$55.00 to C$58.00 in a report on Monday, September 30th. Barclays upped their price objective on shares of Enbridge from C$54.00 to C$59.00 in a research note on Monday, November 11th. Raymond James lifted their target price on shares of Enbridge from C$59.00 to C$63.00 in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada increased their price target on Enbridge from C$59.00 to C$63.00 in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$60.31.

Enbridge Stock Performance

Enbridge stock opened at C$61.63 on Thursday. Enbridge has a fifty-two week low of C$45.05 and a fifty-two week high of C$61.99. The company has a market capitalization of C$134.35 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 1.72 and a beta of 0.90. The stock has a fifty day moving average of C$57.88 and a two-hundred day moving average of C$53.49. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76.

Enbridge Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be issued a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a dividend yield of 6.12%. This is an increase from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio (DPR) is 140.77%.

Insider Transactions at Enbridge

In other news, Senior Officer Maximilian Chan sold 688 shares of the firm’s 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. Company 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.