Enbridge (TSE:ENB) Price Target Raised to C$67.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective increased by TD Securities from C$66.00 to C$67.00 in a research note released on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the company. Raymond James boosted their price objective on Enbridge from C$65.00 to C$67.00 in a report on Tuesday. Royal Bank of Canada increased their price target on Enbridge from C$63.00 to C$67.00 in a research report on Tuesday. Wells Fargo & Company raised their price objective on Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. JPMorgan Chase & Co. upped their target price on shares of Enbridge from C$66.00 to C$69.00 in a research note on Thursday, December 5th. Finally, Morgan Stanley set a C$64.00 price target on shares of Enbridge and gave the stock an “equal weight” rating in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$63.23.

Enbridge Stock Down 1.2 %

Shares of TSE ENB opened at C$59.46 on Tuesday. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44. The company has a 50-day moving average price of C$62.19 and a 200-day moving average price of C$58.38. The stock has a market capitalization of C$128.86 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.72 and a beta of 0.90. Enbridge has a 1 year low of C$45.39 and a 1 year high of C$65.62.

Enbridge Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st will be issued a dividend of $0.9425 per share. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 6.34%. Enbridge’s dividend payout ratio is 118.98%.

Insider Transactions at Enbridge

In other Enbridge 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 transaction of C$66,293.64. Corporate insiders own 0.10% of the company’s stock.

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.