Enbridge (TSE:ENB) Insider Michele Eva Harradence Purchases 7,105 Shares

Enbridge Inc. (TSE:ENB) (NYSE:ENB) insider Michele Eva Harradence acquired 7,105 shares of the business’s stock in a transaction on Monday, September 14th. The stock was acquired at an average price of C$67.28 per share, with a total value of C$478,024.40. Following the transaction, the insider owned 87,467 shares in the company, valued at approximately C$5,884,779.76. The trade was a 8.84% increase in their position.

Enbridge Price Performance

Shares of TSE:ENB traded up C$0.06 during midday trading on Monday, reaching C$68.20. The company’s stock had a trading volume of 1,615,673 shares, compared to its average volume of 8,614,521. The business’s fifty day simple moving average is C$72.61 and its 200-day simple moving average is C$74.62. The company has a debt-to-equity ratio of 171.59, a current ratio of 0.72 and a quick ratio of 0.44. Enbridge Inc. has a fifty-two week low of C$62.42 and a fifty-two week high of C$80.65. The company has a market capitalization of C$148.96 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.72 and a beta of 0.69.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Friday, July 31st. The company reported C$0.63 EPS for the quarter. Enbridge had a net margin of 7.28% and a return on equity of 10.01%. The firm had revenue of C$29.32 billion for the quarter. As a group, equities research analysts expect that Enbridge Inc. will post 3.511912 EPS for the current fiscal year.

Enbridge Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.88 annualized dividend and a yield of 5.7%. Enbridge’s dividend payout ratio is currently 147.68%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ENB. TD upgraded Enbridge from a “hold” rating to a “buy” rating and lowered their price objective for the stock from C$82.00 to C$81.00 in a research report on Tuesday, September 15th. Canadian Imperial Bank of Commerce raised shares of Enbridge from a “hold” rating to an “outperformer” rating and boosted their price target for the stock from C$77.00 to C$78.00 in a research note on Friday, August 28th. Jefferies Financial Group lowered their target price on shares of Enbridge from C$79.00 to C$70.00 in a report on Tuesday, September 1st. US Capital Advisors raised Enbridge from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 20th. Finally, Scotiabank raised Enbridge to a “strong-buy” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$77.62.

Enbridge Company Profile

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.