Shares of Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB have earned a consensus rating of "Hold" from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$53.63.
Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Enbridge from C$55.00 to C$56.00 and gave the company an "overweight" rating in a report on Friday, May 17th. BMO Capital Markets upped their price target on shares of Enbridge from C$52.00 to C$54.00 and gave the company a "market perform" rating in a report on Monday, May 13th. Jefferies Financial Group raised their price target on shares of Enbridge from C$53.00 to C$55.00 in a report on Monday, May 13th. National Bankshares upped their price objective on shares of Enbridge from C$52.00 to C$53.00 and gave the company a "sector perform" rating in a research note on Monday, May 13th. Finally, Stifel Nicolaus cut their target price on Enbridge from C$52.00 to C$51.00 and set a "hold" rating on the stock in a research note on Thursday, April 25th.
Read Our Latest Report on ENB
Enbridge Price Performance
TSE:ENB traded up C$0.13 during trading hours on Wednesday, hitting C$51.67. 13,577,067 shares of the company's stock traded hands, compared to its average volume of 7,708,838. The firm has a market cap of C$110.06 billion, a P/E ratio of 19.52, a P/E/G ratio of 0.75 and a beta of 0.88. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 130.31. The business's fifty day simple moving average is C$49.11 and its two-hundred day simple moving average is C$48.50. Enbridge has a 52 week low of C$42.75 and a 52 week high of C$52.34.
Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last posted its quarterly earnings data on Friday, May 10th. The company reported C$0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.81 by C$0.11. The company had revenue of C$11.04 billion during the quarter, compared to the consensus estimate of C$12.24 billion. Enbridge had a net margin of 13.81% and a return on equity of 8.70%. On average, research analysts anticipate that Enbridge will post 2.8613689 earnings per share for the current fiscal year.
Enbridge Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th will be given a $0.915 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.66 annualized dividend and a dividend yield of 7.08%. Enbridge's payout ratio is 138.64%.
Enbridge Company Profile
(Get Free Report
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.
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