Matthew Allan Akman Acquires 1,000 Shares of Enbridge Inc. (TSE:ENB) Stock

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Matthew Allan Akman purchased 1,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were acquired at an average price of C$61.24 per share, for a total transaction of C$61,240.00.

Enbridge Trading Down 0.1 %

TSE ENB opened at C$62.05 on Wednesday. The firm has a market capitalization of C$134.48 billion, a P/E ratio of 20.17, a PEG ratio of 1.72 and a beta of 0.90. The business has a fifty day simple moving average of C$62.35 and a 200 day simple moving average of C$59.35. Enbridge Inc. has a 12 month low of C$45.39 and a 12 month high of C$65.62. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86.

Enbridge Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Saturday, March 1st were given a dividend of $0.9425 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a dividend yield of 6.08%. Enbridge’s dividend payout ratio (DPR) is currently 118.98%.

Wall Street Analysts Forecast Growth

ENB has been the topic of a number of recent research reports. TD Securities increased their target price on Enbridge from C$66.00 to C$67.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Royal Bank of Canada increased their target price on Enbridge from C$63.00 to C$67.00 in a report on Tuesday, February 18th. CIBC increased their target price on Enbridge from C$66.00 to C$67.00 in a report on Wednesday, March 5th. JPMorgan Chase & Co. increased their target price on Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Finally, Raymond James increased their target price on Enbridge from C$65.00 to C$67.00 in a report on Tuesday, February 18th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$63.31.

Enbridge Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.