Key Points
- Enbridge insider sale: Insider Melissa Marie Laforge sold 855 shares on May 22 at an average price of C$80.16, totaling about C$68,537. After the transaction, she still owned 7,904 shares.
- Stock and earnings snapshot: Enbridge shares were down 0.6% and opened at C$79.73, near their 52-week high of C$80.65. The company recently reported quarterly EPS of C$0.98 on revenue of C$22.36 billion.
- Dividend and analyst outlook: Enbridge declared a quarterly dividend of C$0.97 per share, or C$3.88 annualized, for a 4.9% yield. Analysts currently rate the stock a Moderate Buy with an average price target of C$74.27.
Enbridge Inc. (TSE:ENB - Get Free Report) (NYSE:ENB) insider Melissa Marie Laforge sold 855 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$80.16, for a total value of C$68,536.80. Following the sale, the insider directly owned 7,904 shares in the company, valued at C$633,584.64. This trade represents a 9.76% decrease in their position.
Enbridge Stock Down 0.6%
ENB stock opened at C$79.73 on Tuesday. The stock has a 50-day simple moving average of C$74.65 and a two-hundred day simple moving average of C$70.07. Enbridge Inc. has a twelve month low of C$59.68 and a twelve month high of C$80.65. The firm has a market capitalization of C$174.11 billion, a PE ratio of 27.03, a PEG ratio of 1.72 and a beta of 0.87. The company has a quick ratio of 0.44, a current ratio of 0.81 and a debt-to-equity ratio of 168.58.
Enbridge (TSE:ENB - Get Free Report) (NYSE:ENB) last announced its quarterly earnings results on Friday, May 8th. The company reported C$0.98 earnings per share (EPS) for the quarter. Enbridge had a net margin of 9.73% and a return on equity of 11.41%. The firm had revenue of C$22.36 billion for the quarter. On average, equities analysts predict that Enbridge Inc. will post 3.511912 EPS for the current fiscal year.
Enbridge Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, June 1st will be paid a $0.97 dividend. The ex-dividend date is Friday, May 15th. This represents a $3.88 annualized dividend and a yield of 4.9%. Enbridge's dividend payout ratio is currently 128.73%.
Analyst Ratings Changes
ENB has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on shares of Enbridge from C$76.00 to C$79.00 and gave the company an "outperform" rating in a research report on Monday, May 11th. Jefferies Financial Group lowered Enbridge from a "buy" rating to a "hold" rating and lifted their price objective for the company from C$71.00 to C$76.00 in a research note on Tuesday, February 17th. Raymond James Financial boosted their target price on Enbridge from C$78.00 to C$80.00 and gave the stock an "outperform" rating in a research report on Monday, May 11th. Barclays raised their price target on Enbridge from C$68.00 to C$73.00 in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. downgraded Enbridge from an "overweight" rating to a "neutral" rating and dropped their price target for the company from C$74.00 to C$69.00 in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$74.27.
Read Our Latest Report on ENB
Enbridge Company Profile
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At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.
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