Enbridge Inc. (TSE:ENB) Senior Officer Cynthia Lynn Hansen Sells 1,106 Shares

Enbridge Inc. (TSE:ENB) (NYSE:ENB) Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total value of C$66,293.64.

Enbridge Stock Up 0.0 %

Shares of TSE:ENB opened at C$60.09 on Friday. 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 business has a 50 day simple moving average of C$59.07 and a two-hundred day simple moving average of C$54.54. Enbridge Inc. has a 1 year low of C$45.05 and a 1 year high of C$61.99. The firm has a market capitalization of C$131.00 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90.

Enbridge Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be paid 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 dividend on an annualized basis and a dividend yield of 6.27%. Enbridge’s payout ratio is currently 140.77%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ENB. CIBC boosted their price objective on Enbridge from C$61.00 to C$63.00 in a research report on Wednesday, December 4th. Scotiabank lifted their price objective on shares of Enbridge from C$57.00 to C$61.00 in a research report on Wednesday, December 4th. Raymond James increased their price objective on shares of Enbridge from C$59.00 to C$63.00 in a report on Tuesday, November 26th. Barclays raised their price target on Enbridge from C$54.00 to C$59.00 in a report on Monday, November 11th. Finally, Wells Fargo & Company upped their price target on shares of Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$60.31.

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.