Enbridge Inc. (TSE:ENB) Given Consensus Recommendation of “Hold” by Analysts

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has received an average rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$60.31.

ENB has been the topic of several recent analyst reports. Scotiabank upped their price objective on shares of Enbridge from C$57.00 to C$61.00 in a report on Wednesday, December 4th. BMO Capital Markets upped their price target on shares of Enbridge from C$59.00 to C$60.00 in a research note on Wednesday, December 4th. Morgan Stanley set a C$64.00 price objective on shares of Enbridge and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Barclays upped their target price on Enbridge from C$54.00 to C$59.00 in a research report on Monday, November 11th. Finally, Royal Bank of Canada lifted their price target on Enbridge from C$59.00 to C$63.00 in a research report on Wednesday, December 4th.

Insider Activity at Enbridge

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total value of C$66,293.64. Company insiders own 0.10% of the company’s stock.

Enbridge Stock Up 0.6 %

Enbridge stock opened at C$62.25 on Friday. Enbridge has a 1-year low of C$45.05 and a 1-year high of C$62.75. The business has a fifty day moving average price of C$59.42 and a 200-day moving average price of C$54.94. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44. The stock has a market capitalization of C$135.71 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 1.72 and a beta of 0.90.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.9425 per share. This represents a $3.77 annualized dividend and a dividend yield of 6.06%. This is a positive change from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s payout ratio is 140.77%.

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.