Enbridge (NYSE:ENB) (TSE:ENB) had its price target hoisted by JPMorgan Chase & Co. from $56.00 to $57.00 in a report issued on Monday morning, Stock Target Advisor reports. They currently have a neutral rating on the pipeline company’s stock.
A number of other equities research analysts have also recently weighed in on ENB. Barclays lifted their price target on Enbridge from $51.00 to $55.00 and gave the company an equal weight rating in a report on Tuesday, January 14th. Argus started coverage on Enbridge in a report on Wednesday, December 4th. They set a buy rating and a $44.00 price target on the stock. Bank of America started coverage on Enbridge in a report on Wednesday, December 18th. They set a buy rating and a $45.00 target price on the stock. Goldman Sachs Group cut Enbridge from a neutral rating to a sell rating and dropped their target price for the stock from $52.00 to $51.00 in a report on Sunday. Finally, Evercore ISI reissued a hold rating and set a $48.00 target price on shares of Enbridge in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. Enbridge presently has a consensus rating of Hold and a consensus target price of $50.41.
ENB opened at $39.22 on Monday. The business’s 50 day moving average is $41.17 and its 200-day moving average is $37.57. The stock has a market cap of $82.69 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 2.28 and a beta of 0.61. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.94. Enbridge has a twelve month low of $32.23 and a twelve month high of $43.15.
The company also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 14th will be issued a dividend of $0.6119 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.56. The ex-dividend date is Thursday, February 13th. This represents a $2.45 annualized dividend and a yield of 6.24%. Enbridge’s payout ratio is presently 122.00%.
A number of large investors have recently made changes to their positions in the stock. Manchester Financial Inc. acquired a new position in Enbridge in the fourth quarter worth approximately $28,000. S.A. Mason LLC acquired a new position in Enbridge in the fourth quarter worth approximately $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in Enbridge by 1,047.1% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 803 shares of the pipeline company’s stock worth $31,000 after buying an additional 733 shares during the last quarter. Tobias Financial Advisors Inc. acquired a new position in Enbridge in the fourth quarter worth approximately $33,000. Finally, Bridger Capital Management LLC acquired a new position in Enbridge in the third quarter worth approximately $34,000. 46.52% of the stock is currently owned by hedge funds and other institutional investors.
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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