Enbridge Inc. (TSE:ENB - Get Free Report) (NYSE:ENB) Senior Officer Matthew Allan Akman bought 1,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of C$61.24 per share, for a total transaction of C$61,240.00.
Enbridge Trading Up 1.0 %
ENB opened at C$62.14 on Tuesday. The company's 50 day moving average price is C$62.37 and its two-hundred day moving average price is C$59.33. The firm has a market capitalization of C$134.67 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.72 and a beta of 0.90. Enbridge Inc. has a fifty-two week low of C$45.39 and a fifty-two week high of C$65.62. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44.
Enbridge Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Saturday, March 1st were given a dividend of $0.9425 per share. This is a positive change from Enbridge's previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend was Friday, February 14th. Enbridge's dividend payout ratio (DPR) is currently 118.98%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Scotiabank lifted their price objective on shares of Enbridge from C$61.00 to C$65.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Royal Bank of Canada boosted their price target on Enbridge from C$63.00 to C$67.00 in a report on Tuesday, February 18th. CIBC upped their price objective on Enbridge from C$66.00 to C$67.00 in a research report on Wednesday, March 5th. TD Securities lifted their target price on Enbridge from C$66.00 to C$67.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group increased their target price on shares of Enbridge from C$59.00 to C$65.00 in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Enbridge presently has an average rating of "Hold" and a consensus price target of C$63.31.
View Our Latest Stock Report on Enbridge
Enbridge Company Profile
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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.
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