Analysts Set Enbridge Inc. (TSE:ENB) PT at C$61.69

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$61.69.

ENB has been the subject of a number of research reports. CIBC raised their price target on shares of Enbridge from C$63.00 to C$66.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Barclays lifted their target price on Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. BMO Capital Markets upped their price target on Enbridge from C$59.00 to C$60.00 in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price objective on Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th. Finally, Scotiabank upped their target price on shares of Enbridge from C$57.00 to C$61.00 in a research report on Wednesday, December 4th.

Enbridge Price Performance

TSE:ENB opened at C$64.60 on Wednesday. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. The company has a 50-day moving average of C$61.24 and a 200-day moving average of C$56.69. Enbridge has a 52 week low of C$45.05 and a 52 week high of C$65.62. The company has a market capitalization of C$140.83 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.72 and a beta of 0.90.

Enbridge (TSE:ENB) (NYSE:ENB) last released its quarterly earnings results on Friday, November 1st. The company reported C$0.55 EPS for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.01). Enbridge had a net margin of 13.54% and a return on equity of 8.57%. During the same quarter last year, the business earned $0.62 earnings per share. As a group, equities research analysts anticipate that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be given a dividend of $0.9425 per share. This is an increase from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 5.84%. Enbridge’s dividend payout ratio (DPR) is currently 140.77%.

Insider Activity

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge 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. Insiders own 0.10% of the company’s stock.

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.