Enbridge (TSE:ENB) Price Target Raised to C$64.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective raised by Barclays from C$59.00 to C$64.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. Scotiabank boosted their price target on Enbridge from C$57.00 to C$61.00 in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their target price on Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. BMO Capital Markets increased their price target on Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price objective 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 target price on shares of Enbridge and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$61.08.

Enbridge Trading Up 1.0 %

Shares of Enbridge stock opened at C$63.30 on Monday. The company’s fifty day moving average is C$59.87 and its two-hundred day moving average is C$55.33. Enbridge has a 1 year low of C$45.05 and a 1 year high of C$63.40. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. The company has a market capitalization of C$137.99 billion, a P/E ratio of 24.35, a PEG 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. Shareholders of record on Friday, February 14th will be 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 5.96%. Enbridge’s dividend payout ratio is presently 140.77%.

Insider Buying and Selling at Enbridge

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total value of C$66,293.64. 0.10% of the stock is currently owned by corporate insiders.

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.