Enbridge Inc. (TSE:ENB) Senior Officer Maximilian Chan Sells 688 Shares

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Maximilian Chan sold 688 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total value of C$37,977.60.

Enbridge Stock Performance

Shares of TSE ENB opened at C$54.98 on Friday. The company has a 50-day simple moving average of C$53.00 and a 200-day simple moving average of C$50.24. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44. The company has a market cap of C$119.86 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 0.75 and a beta of 0.90. Enbridge Inc. has a 12 month low of C$42.75 and a 12 month high of C$56.09.

Enbridge (TSE:ENB) (NYSE:ENB) last released its earnings results on Friday, August 2nd. The company reported C$0.58 EPS for the quarter, missing the consensus estimate of C$0.62 by C($0.04). The firm had revenue of C$11.34 billion during the quarter, compared to analysts’ expectations of C$5.86 billion. Enbridge had a return on equity of 8.57% and a net margin of 13.54%. On average, equities analysts anticipate that Enbridge Inc. will post 3.0459834 earnings per share for the current year.

Enbridge Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 15th were paid a $0.915 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.66 annualized dividend and a yield of 6.66%. Enbridge’s payout ratio is currently 140.77%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Scotiabank downgraded shares of Enbridge from a “strong-buy” rating to a “hold” rating in a report on Friday, June 14th. BMO Capital Markets upped their price target on Enbridge from C$54.00 to C$56.00 in a report on Thursday, September 5th. JPMorgan Chase & Co. lifted their price objective on Enbridge from C$56.00 to C$57.00 in a report on Wednesday, August 7th. Wells Fargo & Company boosted their target price on Enbridge from C$45.00 to C$48.00 in a research report on Tuesday, June 4th. Finally, National Bankshares lifted their price target on Enbridge from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$54.33.

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.