Key Points
- Enbridge director Gregory Lorne Ebel bought 7,105 shares at an average C$66.85 per share, investing approximately C$474,969 and increasing his holdings by 1.22% to 589,721 shares.
- Enbridge reported quarterly EPS of C$0.63 on C$29.32 billion in revenue and recently paid a quarterly dividend of C$0.97, equivalent to a 5.7% annualized yield.
- Analyst sentiment is positive, with the stock carrying a consensus “Moderate Buy” rating and an average price target of C$77.62, versus an opening price of C$68.14.
Enbridge Inc. (TSE:ENB - Get Free Report) (NYSE:ENB) Director Gregory Lorne Ebel acquired 7,105 shares of the stock in a transaction dated Monday, September 14th. The shares were bought at an average cost of C$66.85 per share, with a total value of C$474,969.25. Following the completion of the transaction, the director owned 589,721 shares of the company's stock, valued at approximately C$39,422,848.85. This represents a 1.22% increase in their position.
Enbridge Price Performance
Shares of ENB opened at C$68.14 on Friday. The firm has a market capitalization of C$148.83 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 1.72 and a beta of 0.69. The firm's fifty day simple moving average is C$72.61 and its 200-day simple moving average is C$74.61. Enbridge Inc. has a twelve month low of C$62.42 and a twelve month high of C$80.65. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 171.59.
Enbridge (TSE:ENB - Get Free Report) (NYSE:ENB) last released its quarterly earnings data on Friday, July 31st. The company reported C$0.63 EPS for the quarter. Enbridge had a return on equity of 10.01% and a net margin of 7.28%.The business had revenue of C$29.32 billion for the quarter. Equities analysts forecast that Enbridge Inc. will post 3.511912 EPS for the current fiscal year.
Enbridge Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 5.7%. The ex-dividend date was Friday, August 14th. Enbridge's dividend payout ratio is currently 147.68%.
Analyst Ratings Changes
Several brokerages have recently weighed in on ENB. Scotiabank boosted their price objective on shares of Enbridge from C$78.00 to C$84.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 21st. Raymond James Financial increased their target price on shares of Enbridge from C$79.00 to C$80.00 and gave the company a "market perform" rating in a research report on Tuesday. TD upgraded shares of Enbridge from a "hold" rating to a "buy" rating and cut their price target for the stock from C$82.00 to C$81.00 in a research note on Tuesday. TD Securities raised shares of Enbridge from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 14th. Finally, National Bank Financial raised shares of Enbridge from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$81.00 to C$82.00 in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$77.62.
Get Our Latest Stock Analysis on Enbridge
About Enbridge
(
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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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