Brokerages Set Enbridge Inc. (TSE:ENB) Price Target at C$53.59

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have received a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$53.00.

A number of research analysts recently issued reports on ENB shares. Stifel Nicolaus set a C$52.00 target price on Enbridge and gave the company a “hold” rating in a report on Thursday, January 18th. Barclays decreased their price objective on Enbridge from C$53.00 to C$51.00 in a research note on Thursday, March 7th. ATB Capital set a C$56.00 price objective on shares of Enbridge and gave the company an “outperform” rating in a research report on Friday, January 5th. National Bankshares raised their price target on Enbridge from C$51.00 to C$52.00 in a research note on Thursday, March 7th. Finally, Jefferies Financial Group lowered their price objective on Enbridge from C$54.00 to C$53.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th.

Enbridge Stock Performance

Shares of Enbridge stock opened at C$48.86 on Monday. The company has a debt-to-equity ratio of 127.95, a current ratio of 0.83 and a quick ratio of 0.44. The stock has a market capitalization of C$104.07 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 0.75 and a beta of 0.89. The business has a 50-day moving average of C$47.68 and a 200 day moving average of C$47.11. Enbridge has a 12 month low of C$42.75 and a 12 month high of C$54.05.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings results on Friday, February 9th. The company reported C$0.64 EPS for the quarter, missing the consensus estimate of C$0.68 by C($0.04). The business had revenue of C$11.30 billion during the quarter, compared to analysts’ expectations of C$12.99 billion. Enbridge had a net margin of 14.18% and a return on equity of 9.47%. As a group, sell-side analysts forecast that Enbridge will post 2.8389626 earnings per share for the current year.

Enbridge Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be given a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 7.49%. Enbridge’s dividend payout ratio (DPR) is 128.87%.

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.