Enbridge (TSE:ENB) PT Raised to C$60.00 at JPMorgan Chase & Co.

Enbridge (TSE:ENB) (NYSE:ENB) had its target price raised by JPMorgan Chase & Co. from C$57.00 to C$60.00 in a research note published on Thursday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently commented on ENB. BMO Capital Markets lifted their price objective on shares of Enbridge from C$54.00 to C$56.00 in a research note on Thursday, September 5th. CIBC raised their price target on shares of Enbridge from C$57.00 to C$59.00 in a research report on Monday, July 15th. Jefferies Financial Group downgraded shares of Enbridge from a buy rating to a hold rating and upped their price objective for the company from C$55.00 to C$58.00 in a report on Monday. Scotiabank cut shares of Enbridge from a strong-buy rating to a hold rating in a report on Friday, June 14th. Finally, National Bankshares boosted their target price on shares of Enbridge from C$53.00 to C$57.00 and gave the company a sector perform rating in a research report on Friday, August 23rd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of C$55.25.

Enbridge Trading Down 0.3 %

Shares of TSE:ENB opened at C$55.25 on Thursday. 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 firm has a market capitalization of C$120.45 billion, a P/E ratio of 21.25, a P/E/G ratio of 0.75 and a beta of 0.90. The business’s 50-day moving average is C$53.95 and its 200 day moving average is C$50.66. Enbridge has a 1 year low of C$42.75 and a 1 year high of C$56.09.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings data on Friday, August 2nd. The company reported C$0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.62 by C($0.04). The company had revenue of C$11.34 billion for the quarter, compared to analyst estimates of C$5.86 billion. Enbridge had a net margin of 13.54% and a return on equity of 8.57%. On average, research analysts predict that Enbridge will post 3.0366521 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th were given a dividend of $0.915 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.66 dividend on an annualized basis and a yield of 6.62%. Enbridge’s dividend payout ratio is currently 140.77%.

Insider Activity

In other Enbridge news, Director Steven Walter Williams bought 18,600 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average price of C$53.74 per share, for a total transaction of C$999,564.00. In related news, Director Steven Walter Williams purchased 18,600 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average cost of C$53.74 per share, with a total value of C$999,564.00. Also, Senior Officer Maximilian Chan sold 688 shares of Enbridge stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$55.20, for a total value of C$37,977.60. Company insiders own 0.10% of the company’s stock.

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.